Latest on the Bankruptcy Blog

For most of us, our home is our most significant investment and expense. Since your house is collateral for your mortgage loan, you will want to keep up with those payments if you wish to keep your home. The lender can legally take back the property if you default on your payments. If you are  … Read more

When you are looking for a bankruptcy attorney to help you get some financial relief, there are a few things to look for. You should be able to feel comfortable around your lawyer. Don’t be intimidated. Remember, you are hiring them to perform a service for you. Check to see if you will be able to  … Read more

After you have made all of your court-approved payments, submitted a certificate showing you have completed all of your financial management classes and are current in your child support and alimony, the court will grant a “full-payment ” discharge for your Chapter 13 bankruptcy. Debts Covered When you are granted a discharge, the court wipes  … Read more

While you are in the process of a Chapter 13 bankruptcy plan, problems may arise. It can be difficult living with such a strict budget for three to five years. After your plan is confirmed with the court, a trustee, you, or your unsecured creditors who filed a claim may ask permission of the court  … Read more

At the confirmation hearing, if it is determined that you have a regular job with a steady income, the judge may order an ‘income deduction.’ This means your monthly payments for the bankruptcy plan will be taken automatically from your wages and sent to the bankruptcy court to be distributed to your creditors. Automatic Order  … Read more

Most bankruptcy courts hold Chapter 13 confirmation hearings one or two days a month. The courtroom will probably be full as motions to dismiss, motions to establish property sale and motions to convert Chapter 13 to Chapter 7 will be scheduled at the same time. If you are called first and don’t know where to  … Read more

When you file paperwork with the bankruptcy court, you are required to submit specific forms to be approved. Your bankruptcy attorney or the court in your district will tell you what the requirements of your district are, like what forms they want, how many copies, and in what order. Credit Counseling You must attend credit  … Read more

Who you owe and how you plan to pay your debt is the central part of a Chapter 13 bankruptcy. Your plan outlines for the court how much each creditor will receive, and how long your plan will last. Repayment Plan Forms You can find the forms you need to fill out your Chapter 13  … Read more