Not everyone can file for Chapter 13 bankruptcy. Some reasons you may not qualify is if you received a previous Chapter 7 discharge within the last four years or a Chapter 13 discharge within the previous 2 years. To file Chapter 13 personal bankruptcy, you must be an individual or spouse. You will not be  … Read more

Chapter 13 bankruptcy is often considered a consumer reorganization bankruptcy. In this type of bankruptcy, you will make a plan to pay back any debt you got behind on. You will have three to five years to make these payments on your court-approved plan. At the end of that time, any remaining debt will be  … Read more

Chapter 13 bankruptcy is typically referred to as reorganization bankruptcy. You will submit a plan to the court outlining how you plan to pay back your creditors over a period of time, usually from three to five years. Secured Creditors Chapter 13 bankruptcy is best for people that have secured creditors such as home mortgages  … Read more

When you want to keep your assets such as a home or vehicles you may not want to file for Chapter 7 which will liquidate your assets and pay your creditors. Chapter 13 bankruptcy involves reorganization and repayment of all or most of your prior debt. The plan is court approved and takes approximately five  … Read more

Chapter 13 bankruptcy  is a court-approved plan to pay back part or all of your debt over five years. You must have a reliable source of income to be eligible to file this type of bankruptcy. Your income is the basis for figuring out the amount of your repayment plan. The first step should always  … Read more

Chapter 13 bankruptcy involves a reasonable, court-approved payment plan to pay back part or all of your debt within five years. To be able to qualify for this type of bankruptcy you must have a relatively reliable income. Your income level will be what is used to base your repayment plan. Monthly Budget As part  … Read more

Chapter 13 bankruptcy is quickly becoming one of the most utilized forms of debt relief in Texas. When filing for Chapter 13 bankruptcy protection, your debts are categorized into priority and nonpriority debts, as well as, secured and unsecured. All priority debts such as family support payments and certain taxes must be paid back. Additionally,  … Read more

The United States Gross Domestic Product (GDP) is a widely accepted measure of the health of our economy. This week the fed announced that Q3 GDP grew at a rate of 3.3%, a level of growth America hasn’t seen since 2014. This news should be a beacon of light to everyone working hard to improve  … Read more

A chapter 13 bankruptcy is also known as a reorganization bankruptcy, this means your assets will not be liquidated and your debts paid off like in chapter 7. What you will have to do though is get a repayment plan in place and then begin to pay off all your debt as prescribed by the  … Read more

For those that are entering into a Chapter 13 bankruptcy they will soon discover that it is far different than what they may have perceived as a bankruptcy. Most people are more familiar with the Chapter 7 bankruptcy which usually expunges the majority of the debts for those that are able to qualify for this  … Read more