Chapter 13 filings

What to Expect After Bankruptcy Discharge?

Bankruptcy is an excellent way to get rid of huge debts which make you live between pay cheques. If you are struggling with paying your bills and making ends meet, you should consult expert bankruptcy lawyers at 888-297-6023 to find viable methods of getting a fresh financial start. According to Dallas based bankruptcy law firm, bankruptcy through Chapter 7 or Chapter 13 bankruptcy is an excellent way to not only get your debts discharged but also get some peace of mind. With bankruptcy filing, you can put a hold to collector actions and end up getting rid [...]


Know the Chapter 13 Payment Plan

The ‘Wage Earner Bankruptcy’ or Chapter 13 bankruptcy, is designed for those individuals who seek to repay their debts over a period of time. They have the ability to execute the repayment with a designated plan and hence seek the protection using the Chapter 13 of the U.S. Bankruptcy Code. These individuals or debtors are The kind of people who are owners of properties that cannot be exempted under Chapter 7 The ones who possess mortgage amounts, past dues or car loans and seek towards the repayment over time without being enforced to foreclose The type of folks who have debts from student loans which cannot be discharged using Chapter [...]


Role of your Chapter 13 Bankruptcy Trustee

When a Chapter 13 bankruptcy is filed, the debts are generally reorganized and repaid within five years. The creditors receive the dues over a three to a five-year term and the administration of this plan is monitored by an appointed trustee, exclusively for Chapter 13 filings. Here is a brief list of the bankruptcy trustee’s duties with regards to Chapter 13 bankruptcy filing – Reviewing all associated paperwork of the filing Reviewing of the repayment plan for its compliance to bankruptcy laws Collecting the payments as per the plan and distributing the same to the creditors Executing the [...]