The unique powers of even a simple Chapter 13 case are impressive. They allow you to reach goals that a “straight bankruptcy” simply can’t. Some of the Simple Benefits of Chapter 13 Even in with a simple Chapter 13 case you can: 1) catch up on your unpaid mortgage payments, ... Read More »
Chapter 13 Gives You Lots More Time to Pay Crucial Creditors
When you’d like to favor certain important debts over others, often Chapter 13 makes this possible. Using the Bankruptcy Laws to Your Advantage One of the basic principles of bankruptcy is that you usually can’t favor one debt over your other debts. You can’t except when the ... Read More »
Chapter 7 vs. Chapter 13 and Your Home Mortgage
Here are 7 ways filing a Chapter 7 case can help you deal with your home lender and 8 ways filing a Chapter 13 one can. If you’re buying a home, your mortgage and other related debts are probably your biggest and most important ones. So it’s no surprise that the choice ... Read More »
Chapter 7 vs. Chapter 13 and Your Vehicle Loan
A Chapter 7 case makes sense if you want to keep your vehicle and don’t need much help doing so. Chapter 13 provides much more help. In deciding between Chapter 7 and Chapter 13, for your vehicle loan is concerned, think about the two sentences above. First, you don’t need ... Read More »
Chapter 7 vs. Chapter 13 and the Time Element
Chapter 7 is quick. It’s usually best when it discharges most of your debts. Chapter 13 gives you time to address debts Chapter 7 doesn’t. A Big Difference—Time There are many practical differences between Chapter 7 and 13. Today we focus on how these two options ... Read More »
The Chapters of Bankruptcy
The bankruptcy options are contained in Chapters 7, 9, 11, 12, and 13 of the U.S. Bankruptcy Code. Bankruptcy Law, Organized All of the “general and permanent laws of the United States” are contained in the United States Code. The U.S. Code is divided by subject matter into 53 ... Read More »
Including Current-Year Income Taxes in Your Chapter 13 Case
If you expect to owe taxes for 2015, either wait until after the end of the year or do a partial-year tax return now and file Chapter 13. The Concern If you owe income taxes for last year—2015—you may again owe for 2016. You may again have not been able afford to have enough taxes ... Read More »
Chapter 13 Advantages for Resolving Income Tax Debts
If Chapter 7 doesn’t discharge your income taxes or let you pay or settle them reasonably, Chapter 13 is often easier, cheaper, and safer. The Chapter 7 Options The last few blog posts have covered the following ways of dealing with income tax debts with a Chapter 7 “straight ... Read More »
Use Chapter 13 if You’re Behind on Your Vehicle Loan
Chapter 13 gives you lots of time to catch up on your vehicle loan. Or you might not even need to catch up on it at all. Chapter 7 sometimes gives you just enough of a break and enough time to catch up on your vehicle loan if you’re behind. But usually it only buys you a couple months. ... Read More »
Get Chapter 13 Help for Special Debts
Chapter 13 protects you while you catch up on or pay off important debts. Chapter 7 sometimes doesn’t help you enough with certain debts. Those tend to be ones that either can’t be written off or you don’t want to write off. Examples are relatively recent income tax debts, child and spouse ... Read More »
- 1
- 2
- 3
- …
- 8
- Next Page »
