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...
What is a Chapter 13 hardship discharge?
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....
Is Chapter 13 worth paying off early?
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...
Do not ignore foreclosure notices
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...
Do you automatically lose your home if you file for bankruptcy?
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...
