Will I Get to Keep My Investment Property if I File for Chapter 13 Bankruptcy?
The answer to this question will make more sense if you understand the goal of a chapter 13 bankruptcy. The goal of a chapter 13 bankruptcy is to allow the discharge of your debts after you have completed a plan [...]
Will I Be Able to Keep My House if I File for Chapter 13 Bankruptcy?
Chapter 13 does not usually involve the selling of assets, so if you are current on your mortgage payments, you will be able to keep your house so long as it is your primary residence. (To find out your options [...]
How long will it take me to rebuild my credit after I file for bankruptcy?
Unfortunately, there is no law that determines how long it will take every individual to rebuild their credit. The actual word “bankruptcy” will remain on a person’s credit report for ten years. (That is the same whether you file chapter [...]
How do I know if I qualify for chapter 13 bankruptcy?
If you are considering bankruptcy, it is a good idea to consult with an attorney to determine what your options are. Your attorney will ask you for the information necessary to determine which chapter you are eligible for. To qualify [...]
Can Bankruptcy Save My House?
If you are behind on your mortgage payments are facing upcoming foreclosure, you should look into your bankruptcy options. The automatic stay: First of all, when you file for bankruptcy for the first time, regardless of which chapter, the automatic [...]
Bankruptcy by the Numbers: Debt and Income Limits
Many individuals are uncertain whether or not they qualify for bankruptcy relief. Some believe that their debt is too low or that their income is too high. In reality, the eligibility requirements to file for bankruptcy relief are fairly broad [...]
What to Ask a Bankruptcy Lawyer before Signing Up
Before retaining a bankruptcy attorney, there are a few key questions you should ask your attorney. Number One: Ask if an attorney will be the one putting your petition together rather than a paralegal or legal assistant. Number Two: Ask [...]
Difference between Chapter 7 and Chapter 13 Bankruptcies
Individuals have the option of filing either chapter 7 or chapter 13 bankruptcy. The chapter that is best for you is dependent on several factors, such as: your income, your assets, what you wish to accomplish by filing bankruptcy. It [...]
Don’t Fail to Disclose Assets
What are assets? An asset is something that you own. Everything that you own is considered an asset for purposes of bankruptcy law. It can be your car, your clothes, your stock, money in your bank account, etc. Do I [...]
Keeping Your Car With Bankruptcy
Losing your car to creditors can be a very frightening reality to face. Fortunately, there are options that will allow you, the debtor, to keep your car. If faced with this situation, a debtor has the choice of filing for [...]
