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Chapter 13

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Inheritance and Chapter 13 Bankruptcy

Inheritance and Chapter 13 Bankruptcy

Bankruptcy proceedings aren’t always easy and straightforward. There are situations that can lead to complications, situations that make it difficult to determine whether the bankruptcy is still possible and if it will have a pronounced impact on one’s life. Imagine the following scenario – you’re crumbling under the burden of debt and […]

What Happens if You Get Behind on Your Chapter 13 Plan?

What Happens if You Get Behind on Your Chapter 13 Plan?

Chapter 13 bankruptcies are characterized by debt repayment that lasts for a certain period of time. The debtor is acquainted with the terms and conditions and the payments are based on their disposable income. What happens, however, if a financial change occurs through the years? […]

How is the Chapter 13 Plan Calculated?

How is the Chapter 13 plan calculated?

Chapter 13 bankruptcies allow for the restructuring of your Arizona debt. The trustee will appoint a repayment plan that covers a period of anywhere between three and five years. Upon the completion of the plan, the remaining debt will be discharged. How exactly is the Chapter 13 plan calculated? […]

Chapter 13 Overview and Eligibility

Chapter 13 Bankruptcy: Eligibility And Overview Of Payment

Chapter 13 bankruptcy allows a debtor to pay back all or some of his or her debts to obtain a discharge. Unlike Chapter 7, where debtors are relieved from paying for their debts, Chapter 13 allows debtors to reorganize their debts and pay them back over time. This […]

Get Me Out! How to Stop Your Chapter 13 Repayment Plan

If you filed a bankruptcy petition under Chapter 13 you probably are in the process of making a repayment plan or you already had the court approve your repayment plan. A Chapter 13 bankruptcy is different from a Chapter 7 bankruptcy because it lasts longer (three to five years) and it does not involve liquidating […]

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