Category Archives: Chapter 13
Chapter 13 bankruptcy is designed to help those who do not qualify for Chapter 7 bankruptcy due to exceeding Chapter 7 income or asset limits. A Chapter 13 involves a payment plan to repay debt either partially or in full.
Bankruptcy Attorney Can Use Chapter 13 To Resolve Foreclosure
Written on , by BLP
The presentation below breaks down how a Chapter 13 can be utilized to immediately stop a foreclosure and reorganize your situation. When you are facing foreclosure, the process seems to be out of your control. Dates are set and you have nothing to do with the dates that have been set for your home to Continue Reading
A Closer Look At Chapter 13 Bankruptcy
Written on , by BLP
Chapter 13 bankruptcy is also known as reorganization bankruptcy. Unlike Chapter 7 bankruptcy, you can possibly keep all of your property, but you also will have to repay all of the debt you owe, or at least most of it, over the course of up to five years. Some of the debt that must be Continue Reading
Chapter 13 and Recent Tax Debt
Written on , by BLP
We have discussed the utilization of bankruptcy to manage tax debt in past articles. It is widely known that a bankruptcy cannot provide a discharge for tax debt more recent than 3 years old. For recent tax debt, Chapter 13 may be the only solution. A Chapter 13 bankruptcy can place your tax debt with Continue Reading
When Can You File Bankruptcy Again After You Have Filed in the Past?
Written on , by BLP
Bankruptcy has a fixed schedule of events after your bankruptcy has been filed and discharged in the past. Many who have a bankruptcy filing in their past may be looking to file bankruptcy again after this historic recession we are continuing to recover from. There was a large number of filings in 2005 when the Continue Reading
Chapter 13 Can Stop Your Foreclosure
Written on , by BLP
At Bankruptcy Law Professionals, we are experts in all aspects of consumer bankruptcy including both Chapter 7 and Chapter 13 filings. If you are interested in keeping your home and saving it from foreclosure, a Chapter 13 bankruptcy can help you bring your loan back to current and pay back the past due debt. Unlike Continue Reading
Key to Qualify for Chapter 13 Bankruptcy
Written on , by BLP
If you don’t qualify for Chapter 7 bankruptcy because of too much income, Chapter 13 bankruptcy may be the best solution for you. We get calls from clients initially asking for a Chapter 13 without much information on what it takes to qualify for it. A Chapter 13 bankruptcy is much more work than a Continue Reading