Chapter 13 bankruptcy provides a way for individuals to deal with their financial troubles. Often, people who file for Chapter 13 do not pass the means test for Chapter 7 liquidation bankruptcy. However, it might be possible for a Louisiana debtor to convert Chapter...
Bankruptcy is a financial tool that provides relief for people who need to get rid of debt but may not have adequate income to do so. Both individuals and married couples can file for Chapter 7 or Chapter 13 bankruptcy. You can also file if you are currently...
Financial difficulties may mean dealing with collectors. When your vehicle is on the verge of repossession, you may believe you have few options. Chapter 13 bankruptcy is one way people in a financial crisis may find a way out. This particular type of personal...
There are many reasons someone might choose to file for bankruptcy. Divorce, job loss, medical bills and student loans are a few. Bankruptcy is for people who have no reasonable hope of ever paying back all of their debt. If bill collectors are calling and you are...
Bankruptcy laws differ from state to state, but there are still federal protections in place. In general, you can keep your basic living essentials, new belongings, your house, and one car when you file for bankruptcy in Louisiana. Belongings after the bankruptcy You...
Filing for bankruptcy in Louisiana is a route you should only take once you have tried other ways to eliminate your debt. If you are unsuccessful, bankruptcy may be your only option. Depending on your circumstances, you may want to know what the rules are for filing...
Chapter 13 bankruptcy might not be as prevalent as a Chapter 7 bankruptcy, but the process may better serve persons suffering from crushing debt while earning a decent income. Chapter 13 bankruptcy involves establishing a payment plan to deal with certain creditors....
Has it become nearly impossible to come out from under debt obligations? Louisiana residents who answer "yes" to that question may find themselves in federal bankruptcy court. Each person's situation is different, but some debtors could find Chapter 13 bankruptcy to...
A debtor may feel that disregarding collection letters appears less intimidating than contacting creditors to arrange payment plans. Ignoring notices from debt collectors, however, may only last a short time before a creditor takes legal action. As noted by Chron.com,...
Facing foreclosure may mean you need to consider alternate ways to rid yourself of debt. Simply ignoring the notices and phone calls does not make them go away. If you have a family, you may not want to leave the family home. How can you get yourself out of financial...
