Having too much debt often leads to stress and anxiety, and if you count yourself among the many people struggling to make ends meet this year, you may be thinking about bankruptcy. If you are thinking about doing so and are also a homeowner, you may have concerns...
What are the duties of a Chapter 13 bankruptcy trustee?
If you plan to file for Chapter 13 bankruptcy protection, you will almost certainly deal with a bankruptcy trustee. A trustee in bankruptcy is someone appointed by the court with certain responsibilities and powers. The authority of a trustee will vary depending on...
How long do Chapter 13 repayment plans last?
If you are thinking about filing for bankruptcy, you need to review all of your options. After all, everyone is in a unique position and what works well for one person is not always the right move for another. Many people who want to address personal debt benefit from...
How can a restructuring plan help you in a Chapter 13 bankruptcy?
The thought of filing for bankruptcy may intimidate you, especially if you are unsure of how repayment plans typically work. However, the structure of a Chapter 13 plan is often beneficial for those looking for a new start in life unburdened by debt. Restructuring...
Why do people call Chapter 13 the wage earner’s plan?
If you consider filing bankruptcy, you may hear people refer to your options as liquidation and the wage earner's plan. When you go to an attorney, he or she will refer to your options as Chapter 7 and Chapter 13. According to the U.S. Courts, people call Chapter 13...
A look into a debtor’s obligations
Louisiana residents have options to choose from if they fall into debt. One of these options is bankruptcy. Two types are common for individuals. These are Chapter 7 and Chapter 13. Today, we will take a look at Chapter 13 bankruptcy. This bankruptcy has many benefits...
Can businesses file Chapter 13?
There is a chance that your company could file for Chapter 13 personal bankruptcy. If you qualify for and adhere to the strict repayment plan associated with this type of debt reorganization, it could represent a way for you to continue doing business, keep your home...
Understanding Chapter 13 bankruptcy in Louisiana
Bankruptcy can be an emotionally fraught and financially stressful situation for those from Louisiana to find themselves in. It can be especially frustrating for people to even know which type of bankruptcy case to file, considering the many different options...
Chapter 13: Weighing the pros and cons
Encountering serious financial challenges in life is not uncommon. In fact, some Louisiana residents are currently facing foreclosures on their homes or businesses. Chapter 13 bankruptcy is often a means for improving one's financial circumstances in the short term...
Are disabled veterans being forced into Chapter 13 bankruptcy?
Louisiana is home to many disabled U.S. military veterans whose sacrifices and courageous service has helped protect and preserve the United States as a free nation. Many people in this state and others are upset about federal bankruptcy laws, saying the current...
