Category Archives: Chapter 13 Bankruptcy
Chapter 13 For The Self-Employed
Sometimes, folks misinterpret information they hear in the news and take it to its logical extreme. For that reason, sometimes bankruptcy attorneys field calls about losing benefits or risks related to bankruptcy that are not real. One such example of this is Chapter 13 bankruptcy for the self-employed. Some folks believe that self-employed individuals… Read More »
The Difference Between A Secured And Unsecured Debt In Chapter 13 Bankruptcy
One advantage of filing for Chapter 13 bankruptcy over Chapter 7 is that the former can help you get current with your secured debts. For example, if you fall behind on your mortgage payments but want to keep your house, a Chapter 13 repayment plan can help you accomplish that. Chapter 7 has no… Read More »
How Do Chapter 13 Repayment Plans Work?
One of the key differences between a Chapter 7 and Chapter 13 bankruptcy filing is that the latter requires the debtor to come up with–and follow–a repayment plan. In Chapter 7, a debtor’s nonexempt assets (if any) are liquidated and used to pay back creditors, with any remaining debts discharged by the court. This… Read More »