Major Advantages of Chapter 13 for Saving Your Home
If you are behind on your mortgage(s) and/or on other debts on your home, Chapter 13 gives you some tremendous tools for dealing with them.
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When You Should Avoid Using Chapter 13 to Save Your Home
Chapter 13 provides awesome tools for hanging onto your home. Yet sometimes Chapter 7 is enough and better.
Your Vehicle Loan Options in a Chapter 13 “Adjustment of Debts” Case
Chapter 13 helps much more than a Chapter 7 case IF you’re behind on payments or sometimes if you owe more than your vehicle is worth.
Your Vehicle Loan Options in a Chapter 7 “Straight Bankruptcy” Case
For many people, no debt has more practical importance than their car or truck loan.
Secured Debts, the Focus of Many Bankruptcies
Debts secured by liens on your property or possessions often grab the most attention during a bankruptcy case.
What Happens to Most of Your Debts under Chapter 13 “Adjustment of Debts”?
In most Chapter 7 “straight bankruptcy” cases most debts are written off, so what happens to them in a Chapter 13 “adjustment of debts”?
What Happens to Most of Your Debts in Chapter 7 “Straight Bankruptcy”?
Your debts that are not secured by collateral and are not “priority” debts are discharged (written off) and paid nothing. Mostly.
Understanding Debts
Bankruptcy gives you a handle on your debts. There are different kinds of debts. It helps if you have a handle on these differences.
Business Litigation that Continues After You File Bankruptcy
If you shut down your business, and file bankruptcy, that often ends business litigation against you. But not in these three situations.
If You Owe Lots of Business Debt You Can Maybe Skip the “Means Test” and Qualify for Chapter 7
One benefit of owing more business debt than consumer debt is that it gives you a largely free pass into a Chapter 7 bankruptcy case.