For a Chapter 13 bankruptcy, you keep all of your possessions and make arrear payments to the court. These back payments can last anywhere from 36 to 60 months, depending on the amount you owe and your income. To be able to...
When filing for bankruptcy, you will need to know how to classify your debt. Each category is treated differently in bankruptcy. When you send your monthly payment to the trustee in your Chapter 13 bankruptcy case, the money...
Before filing bankruptcy, you must take a pre-filing credit course. You can take the pre-filing course on the internet or over the phone. During your case, you are required to take a second approved personal financial...
Before filing for Chapter 13 bankruptcy, you must determine if you are legally able to do so. To qualify, you must meet specific requirements. You must have a steady source of income to be able to make the monthly payments to...
Chapter 7, bankruptcy is the most common form of personal bankruptcy. If you have a choice, Chapter 7 is a faster and easier form of bankruptcy. Chapter 7 effectively eliminates your debt without having to complete a payment...
