Tag Archives: chapter 13

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 [...]

Our Chapter 13 Payment is Too Much For Us to Handle. Help! – Melanie

“Dear Lewis, Currently in a chapter 13 bankruptcy. (will be 3 years in Aug.). I was working 2 jobs at the time of filing, my husband 1 job. We have a son age 17 a daughter age 22. They both live with us..daughter claimed her own dependent status last year on taxes..if full time student..the [...]

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’ve Already Been Sued by a Debt Buyer. Would It Make Sense to File Bankruptcy? – Joshua

“Dear Michael, When I was in college, I couldn’t find a job in the summer of 2008. I was unable to make any of the payments on my credit cards and my auto loan. I buried my head in the sand and ignored everything. The car got repossessed and the collection calls started with the [...]