Tag Archives: chapter 13
- Fighting With VA for Pension, Underwater on Two Mortgages and My Bankruptcy Attorney Isn’t Communicating With Me
“Dear Steve, 2003 retired w/2 income properties almost paid for. Filed a 1983 action (long story) against the city. THe criminal and civil case caused me to go from set to swimming in $225,000 in mortgage debt. Income is decent and can be counted on. Disabled in 2005. I have been fighting with the VA [...]
- My Husband Wants to File Chapter 7 Bankruptcy and Thinks I Should File Chapter 13. – Cathy
“Dear Steve, Husband’s employer closed. He is now receiving Social Security and unemployment. I work a full-time and part-time job and have a little pension check. Our credit card debit is no longer manageable. My husband wants to file chapter 7. He thinks I should file chapter 13. I co-own some property and have $20,000 [...]
- 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 [...]
- Will Their Chapter 13 Payment Go Up? – Mike
“Dear Steve, My personal “definition” of bankruptcy goes something like this: you have fewer assets than liabilities and you contract with an attorney to negotiate payment/payoff options with your debtors, the plan is then presented to a judge for concurrence, and you begin making monthly payments to someone to satisfy your obligation. I thought, perhaps [...]
- Can I Keep Discharge My Mortgage in Bankruptcy but Stay in My House? – Sage
“Dear Steve, I purchased my house during the bubble. The morgage is severely upside down. I was able to secure a loan modification and it has made monthly payments manageable. I have some major debt problems and am looking at filing for bankruptcy. I know that I would be allowed to keep my home if [...]
- 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 [...]
- 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 [...]
- Which Would Be Better, Debt Settlement or Chapter 13 Bankruptcy? – Julia
“Dear Lewis, My husband and I make $4088 per month (Soc Sec + PT Job); we owe approximately $57,000 in credit card debt. Our house is worth about 175,000 with a balance of about 95,000. We own 2 vehicles outright (2002 Buick Le Sabre, and a 1995 Dodge conversion van). Our home is a converted [...]
- I Was in a Chapter 13 Bankruptcy and Got Married. Do I Need to Tell the Trustee? – Melissa
“Dear Lewis, I Im at the end of my Chapter 13 & filed & reside in the state of Pa. I was a year & a half into the banktruptcy when I got married , but failed to tell the lawyer or trustee , i just assuemd there was no reason because this was filed [...]
- 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 Want to Let the House Go. My Husband Wants to Keep It. What Should We Do? – Amy
“Dear Lewis, We filed chapter 13 and it was confirmed a year ago even though our income wasn’t sufficient. We owe 300,000 on house and received a letter from mortgage company that we defaulted and are behind 6 months. We aren’t behind 6 months. My husband has been working to get it caught up and [...]
- How Do I Get Out of My Chapter 13 Bankruptcy With My Deadbeat Husband I’m Now Separated From? – Donna
“Dear Lewis, In March of this year my husband and I filed a chap 13. He was making the payment out of his earnings. Since then we have seperated and are living apart. He lost his job and is homeless and only working part-time. The attorney has come after me to make these payments. my [...]
- I’ve Got Three Kids, Falling Behind, Unemployed and Have a Lot of Debt. – Kevin
“Dear Lewis, Here’s my situation. My name is Kevin, I am married with 3 kids. My story began when my wife and I tried to restructure our finances by applying for Obama’s mortgage modification program. The irony is we didn’t need to, but we were told that we qualified and figured, if we could save [...]