Latest on the Bankruptcy Blog

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

Filing bankruptcy can be a daunting task: so many rules and regulations to follow. And hanging over your head is if you make a mistake, you could lose valuable property, or get your case dismissed. Here are a few suggestions to make it faster and easier to fill out your bankruptcy forms. Make Copies of  … Read more

When you start a bankruptcy case, the court considers all of your property to be part of your estate. Any property you get after you start your case will not be included in the estate, and you will not need to inform the trustee. The property you own and have possession of regardless if you  … Read more

When you file Chapter 13 bankruptcy, you will submit a plan to the courts outlining how you intend to make the payments to catch up on your debt. Certain debts will need to be paid in full during your case. Priority debts are debts that are unsecured like back child support and taxes Secured debt  … Read more

The automatic say stops creditors from contacting you to collect on a debt. As soon as you file bankruptcy, the automatic stay goes into effect. Phone calls, letters, foreclosures, evictions, and garnishments are some of the actions that must stop. Not Everything Stops The stay does not stop all actions. Congress determined that some debts  … Read more