Budgeting tips after Chapter 13
The point of Chapter 13 bankruptcy is to give you affordable payments to pay off what you owe. These are due on a monthly basis. As such, you need to have a budget and stick to it. You do not…
Chapter 13 has one big advantage over Chapter 7
Chapter 13 bankruptcy gives you an affordable repayment plan that you can use for the next few years — typically between three and five years — to pay back what you owe. Some of your debt may be forgiven, but…
How often do small businesses fail?
Every small business owner starts out feeling positive and chasing what many consider the American Dream. They read stories about other companies starting in a garage and growing into an international powerhouse, and they can’t help but hope for that…
Can you get fired for filing bankruptcy?
Bankruptcy feels like a personal matter, but you really want to think through all of the potential ramifications in advance. You’re worried that your employer may find out that you filed and then get fired. Even though you’re bankrupt, you…
Chapter 13 may forgive some of your debt
When debating between Chapter 7 and Chapter 13 bankruptcy, you may be deciding if you want to have your debt forgiven after liquidating assets (Chapter 7) or if you want to pay the debt off through a repayment plan (Chapter…
Why is Chapter 13 called a wage earner’s plan?
You may have heard Chapter 13 bankruptcy referred to by its nickname: the wage earner’s plan. If you ever wondered why it got this nickname, it actually tells you quite a bit about how the process works. The general idea…
How often do you pay with Chapter 13?
You opt to file for Chapter 13 bankruptcy. With your income, you know you can pay the debt off. You don’t want to lose any of your assets. You just need more time to pay. You don’t have to worry…
How Chapter 13 may help you keep the house
You’re behind on your mortgage payments and you’re facing foreclosure. You also have a lot of other debt from credit cards, personal loans and some medical bills. You have started considering bankruptcy, but you do not like how Chapter 7…
Important questions to ask your bankruptcy attorney
If you are wallowing in debt, you are likely having trouble finding a way out of it. Debt can pile up quickly. This is an issue that millions of Americans face each year. Bankruptcy is the best option available for…
Couple convicted of fraud files for bankruptcy
A couple previously convicted for fraud following a hurricane have filed for bankruptcy, according to a report. The couple hails from Jasper and had been convicted in 2017 for theft and fraud due to diverting hurricane relief money illegally. The…
