Filing bankruptcy under Chapter 13 is not easy. Since the premise of a chapter 13 case is based on repaying some portion of your debt over a three or five-year plan (aka a long time), lots of things can happen in that time to make it challenging to continue making your plan payments. An ex-spouse […]
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Bankruptcy is a legal remedy designed to provide debt relief to individuals or businesses who are unable to repay their outstanding debts. The goal of both Chapter 7 and Chapter 13 bankruptcy is to give the debtor a financial fresh start. How each chapter gets the debtor there, however, is different. It’s important to what’s […]
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In many conversations I’ve had with people wanting to know more about filing chapter 7 or chapter 13, it really requires taking a step back, figuring out what’s going on, and thinking about how bankruptcy works. One type of bankruptcy may be the best fit in one situation, but not the best fit in another […]
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If you’re struggling with debt, bankruptcy protection may be a great option for you. Even if you do just basic research, you’ll probably quickly be pointed to chapter 7 vs chapter 13 bankruptcy. Chapter 7 and Chapter 13 are two common but different types of bankruptcy that many individuals use for personal bankruptcy. When it […]
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