When you file for Chapter 13 bankruptcy, the court will expect you to submit a plan. You might wonder, however, what exactly the plan should look like. Here are 4 items usually included in a plan submitted to the court. Restructuring of Debts The idea behind Chapter 13 bankruptcy law is that someone with sufficient means should be able to pay down their debts as long as they're given an opportunity.
10 December 2019
Chapter 13 bankruptcy is a process that's designed to help debtors buy more time to get control of their situation. It's distinguished from Chapter 7, the next most common form of bankruptcy, by the fact that the goal is to restructure your debts in order to keep paying. If you're in a financial pickle that you just need some time to bounce back from, Chapter 13 is a choice you'll definitely want to learn more about.
24 April 2019
If you're in a financial situation that has made you consider whether you should declare bankruptcy, one thing that may be holding you up is a concern over the harm that bankruptcy will do to your credit score. It's important to accept that you probably don't know the full picture about what bankruptcy will do to your credit rating — but it's easy to find someone who does. Scheduling a meeting with a local bankruptcy attorney allows you to ask any questions that you may have about your credit score in relation to declaring bankruptcy, as well as go over any other bankruptcy-related topics.
22 March 2019
