If you file a Chapter 13 bankruptcy case, you will be required to propose a payment plan to be administered through the court. The plan will last between three and five years, depending on the particulars of your case. The longer your proposed plan, the lower your payments will be. Your payments will be made […]
A Chapter 7 Bankruptcy will typically result in the discharge of most or all of your debts. However, the ability to discharge debts in Chapter 7 is not unlimited. The following debts are some of the debts that cannot be discharged through a Chapter 7 bankruptcy: 1. Alimony and child maintenance and support obligations; 2. […]
Unless some action is taken to affect a creditor’s lien, its lien will pass through bankruptcy unaffected, and your creditor will have the right to enforce the lien after the conclusion of the case. Therefore, it is important to take action within the bankruptcy case to eliminate certain liens. There are two common ways that […]
Filing a chapter 7 or chapter 13 bankruptcy immediately gives you the protection of what lawyers call the automatic stay. The automatic stay prevents creditors from taking certain actions to collect debts against you or your property. The automatic stay is a powerful tool at your disposal and can be used to immediately stop creditors […]