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Posts tagged "Chapter 13 Bankruptcy"

Why should I file for Chapter 13 bankruptcy?

If you are currently unable to pay your bills on time you may want to consider bankruptcy as an avenue to resolve your debt troubles. In the vast majority of cases, individuals in debt trouble will need to file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Chapter 7 liquidation involves selling many of your personal assets to quickly dissolve debt. Chapter 13 involves a three-year to five-year court approved debt repayment plan.

Paying off your debts through a monthly payment plan

When you are struggling with debts, the actual amount of debt that you have could make you feel as though it is impossible for you to ever be debt-free. However, when you take a step back and divide the repayment goal into monthly, manageable chunks, the debt probably won't seem as daunting.

Deciding whether to file for Chapter 13 bankruptcy

Deciding to file for bankruptcy can be a very difficult decision to make. Sometimes it may feel as though it would be easier to bury your head in the sand and pretend that your debts do not exist. But the fact of the matter is that in order to free yourself from your increasing debts, action must be taken.

Getting out of debt through a wage earner's plan

Dealing with ever-increasing debt can feel like a never-ending cycle that you will never get out of. The government recognizes that it can be very difficult for debtors to get out of the situation they find themselves in, especially because of interest rates on unpaid credit cards and loans.

What are my obligations in a Chapter 13 bankruptcy?

If you are struggling to keep up with ever growing debts, it is likely that you have considered bankruptcy as one option in helping you to recover from your situation. There are many different chapters of bankruptcy that offer differing benefits and plans, which can be suitable depending on the specific situation of the individual or business filing for bankruptcy.

Stopping creditor harassment through bankruptcy

One of the most stressful parts of being in debt is having to deal with creditors on a constant basis. Creditor harassment can be a huge problem that can even contribute to mental illness when trying to get out of debt. You might notice that you are in constant dread of receiving yet another debt collection letter through the door along with the threats and consequences. You might feel your pulse quicken every time the phone rings, fearing that there is another debt collector on the line.

Information that needs to be provided in a Chapter 13 filing

When you are struggling financially even when you have a stable job, it is likely that you are ready for a big change in your life that will enable you to have a fresh start. One of the ways that you could go about doing this is through filing for bankruptcy.

Do you get a tax refund if you filed for bankruptcy?

The last year hasn't gone as well as you'd hoped, financially speaking, and you've decided to file for bankruptcy. However, you're still hoping that you'll at least get a nice tax return when you file. Are you still eligible for the return if you're working your way through the bankruptcy process?

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