Chapter 13 Bankruptcy

The repayment plan established in a Chapter 13 bankruptcy is a reflection of a filer’s total debts and income. People who make the necessary payments can discharge the remaining balances on their eligible unsecured debts. Some people struggle to complete the repayment...

Chapter 7 bankruptcy is a liquidation bankruptcy. A person has overwhelming debt, but they still own specific assets. They are required to liquidate nonexempt assets—there are often key exemptions for things like tools of the trade, residential property or...

When an individual files for Chapter 13 bankruptcy, a court-appointed trustee is assigned to oversee the case. Essentially, a Chapter 13 trustee acts as an administrator, facilitator and enforcer of a debtor’s bankruptcy plan. For example, one of the trustee’s primary...

Filing for bankruptcy is a personal decision. However, its consequences may be felt by your loved ones. Accordingly, it may be wise to discuss your decision with them.  It can be challenging to initiate such a discussion, as you may still be wrapping your head around...

Are you struggling to keep up with your debt payments and looking for a way out? Then, filing for bankruptcy may be an option for you. Specifically, Chapter 13 bankruptcy can be a valuable option for individuals who want to reorganize their debts and create a plan to...