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...
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....
When filing bankruptcy, you may wonder what will happen to your debt. Unsecured debt, like credit cards, loans, or medical debt will be eliminated, but secured loans must be handled a little differently. Most secured loans...
When you finish up your bankruptcy case, you need to manage your finances carefully, so you do not incur too much debt again. Once you receive a discharge in bankruptcy, you must wait a full eight years to receive another...
A common worry for most people is that they will lose their assets if they file for bankruptcy. They envision all of their belongings being sold by the trustee to pay to their creditors. This misconception is not true. Most...
