Chapter 13 Bankruptcy

When facing financial challenges, you might turn to Chapter 13 bankruptcy as a means to reorganize your debts and work toward a more stable financial future. However, the decision to file for bankruptcy can bring about a whirlwind of emotions. The outcome can impact...

Chapter 13 bankruptcy, also known as a wage earner’s plan, is suitable for individuals looking to restructure their debts and gain control over their financial future. Unlike Chapter 7 bankruptcy, which is only available to low-income earners and doesn’t require...

People find themselves struggling financially for many different reasons. People can lose their jobs when their employers suddenly announce mass layoffs, or they may face both massive bills and lost income after they get hurt in a car crash caused by someone without...

By the time someone files for bankruptcy, they may have fallen behind on many of their financial obligations. Some people wait until they receive legal service from a creditor or know that they are at risk of foreclosure proceedings before they act to take control of...

Filing for personal bankruptcy is often the last option that anyone wants to consider, but certain circumstances may understandably inspire people to file. One of the most common concerns that leads to personal bankruptcy involves a homeowner falling behind on their...

Individuals with too much debt and not enough income to cover those debts may go to great lengths to try to regain control over their budgets. However, circumstances like job loss, health issues, divorce and even motor vehicle collisions are outside of someone's...

One of the most prevalent bankruptcy myths is that people who file for bankruptcy are personally responsible and that they have made some sort of financial mistake. Often, you’ll hear people say that these individuals are just reckless spenders, for example. Maybe...

Credit and debt play major roles in the modern United States economy. Most people can't go to college without student loans or buy a vehicle without a car loan. Many households require credit cards to pay monthly bills. When your debt levels reach a point where you...

There are plenty of reasons why people decide against going into bankruptcy. They may feel that they don’t want to face the stigma of having a bankruptcy on their record, or they may want to try to repay as much as they can on their own, even as doing so harms their...

When people talk about Chapter 13 bankruptcy, they often refer to it as a plan for those with a regular income. In fact, the U.S. Courts call it a wage earner’s plan. This is starkly different from other types of bankruptcy. Why does it have this nickname? The reason...