Tag Archives: chapter 13 bankruptcy
- Should I File Chapter 13 Bankruptcy Now and Then Chapter 7 Later? – Deb
“Dear Steve, I was long-term unemployed for 3 years, last one with no UI as it ran out. Finally got a part-time job in February this year. During the 3 years I got 2 judgments against me by Capital One and Chase for credit card debt. Since they could not garnishee my UI they got [...]
- Chapter 13 Bankruptcy Rules, Questions, and Background
Chapter 13 Bankruptcy Background A chapter 13 bankruptcy is usually called a wage earner’s plan. It permits people with routine salary to develop a strategy to repay all or part of their debts. Under this chapter, borrowers propose a repayment plan to make installments to lenders over three to five years. If the debtor’s current [...]
- Chapter 13 Bankruptcy Plan, Trustee and Meeting of Creditors
The Chapter 13 Plan and Confirmation Hearing Unless the court agrees to an extension, the debtor must absolutely file a repayment plan with the petition or inside 14 days after the petition is filed. A plan must be tendered for court approval and must provide for monthly payments of preset amounts to the trustee on [...]
- I Can’t Afford My Chapter 13 Payments And Worried About Foreclosure Deficiency. – Lars
I am recently divorced and due to hardship filed for chapter 13 bankruptcy. After 5 months of negotiations with the trustee; it has now become questionable if I am able to do the chapter 13 and still make monthly ends meet. Based on the latest proposal from the trustee; I would need to pay approximately [...]
- Should we try bankruptcy or try to negotiate? – Rosi
My husband and I spoke with a bankruptcy attorney last summer, there was an issue with a loan paid back to my mother, so we waited a year. We retained him this fall. Having been unemployed for almost 2 years, with a short time back to work (3 months) then laid off again. Basically dinged [...]
- Should we file a chapter 13 bankruptcy? Legal Helpers got us a wage garnishment. – TLRP
We have decent income and then lost 1 income 100% – churned up 45k in debt with 20k to irs some of that irs debt is 5k due form last year and 16k due from 2009 just discovered. We were working with Legal Helpers and they helped us get a wage garnishment – we did [...]
- We Are In a Chapter 13 Bankruptcy and Our Mortgage Company Wants More. – Dea
“Dear Steve, We are 2 yrs into a chapter 13. Our mortage lender has filed relief of stay due to post arrears in the amount of $3000. This is a result of an increase to our monthly mortgage payment that we were not aware of. This increase was allegedly in effect when we initially filed [...]
- How Much Will it Cost to Covert My Chapter 13 Bankruptcy to a Chapter 7? – Gilbert
“Dear Lewis, I filed chapter 13 and can not afford to pay what was asked. The chpater 13 is being dismissed. What do I need to do to file chapter 7, and what will be my cost? Gilbert” The Answer: Dear Gilbert, Why did you file chapter 13 to begin with? Did you not qualify [...]
- I’m in a Chapter 13 Bankruptcy But Can’t Make the Payments. – Daniel
“Dear Lewis, I filed bankruptcy (chapter 13) about 14 months ago and the payments were set very high (around 890 a month) and have had trouble ever since making payments. I have a mortgage that is about 7 or 8 years old and i had put my 4 acres of land up as collateral. I [...]
- All About Bankruptcy – Chapter 7 Bankruptcy – Chapter 13 Bankruptcy
Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this grant of authority, Congress enacted the “Bankruptcy Code” in 1978. The Bankruptcy Code, which is codified as title 11 of the United States Code, has been amended several times since its enactment. It [...]
- I’m Still Struggling Even in My Chapter 13 Bankruptcy. – Robbie
“Dear Lewis, i filed bankruptcy in 2008. payments to the trustee is taking out of my paycheck.i make the mortgage payments. when i filed, i place 3 payments in the bankruptcy. i got here due to many credit cards, lost hours at work. i’m the only one working. my wife can’t work, not a citizen. [...]
- I Got a Big Raise and I’d Like to Take Over My Chapter 13 Bankruptcy Myself. – Zach
“Dear Lewis, I am currently 1-year into a Chapter 13 Bankruptcy. When I initially filed I was making a set income, after 6-months into the C13 I received a promotion and my salary increased substantially (90k per year to 130k per year). I would like to see what my options are on reclaiming my debt [...]
- We Need to Buy a Car While in a Chapter 13 Bankruptcy. How Do We Do This? – Kevin
“Dear Lewis, Filed bankruptcy (Chapter 13) 6 months ago and have found ourselves in a difficult situation. Our car has broken down to the point that it is not worth fixing. We need to get a new car but with our recent bankruptcy, is it even possible; and if so, will our chapter 13 payments [...]
- I Filed a Chapter 13 Bankruptcy But Found Out I’m Not Eligible for a Discharge Due to a Previous Chapter 7. – James
“Dear Lewis, I took on more than I can handle in a short period of time. I took out secured installement loans and I got behind on them. I also had a title pawn out on my car. I then lost my job and the creditors were calling me everyday saying they were going to [...]
- I’m Being Sued by a Creditor And Was Told Only Chapter 13 Bankruptcy Might Be Right For Me. – Tim
“Dear Lewis, i am being sued by collection/ law firm(s) have received a citation of suit from a lawyer representing citibank. i have done online search for low cost attorney and spoke with one on the phone for court representation, he then pointed me towards a bankruptcy lawyer because he knew the suing firm well, [...]