Two two main features of a Chapter 13 bankruptcy is the bankruptcy stay and the repayment plan. This allows you to make one manageable monthly payment that goes towards some or all of your debt. At the end of your payment plan, remaining debt is discharged subject to...
When it comes to filing for Chapter 7 bankruptcy, many people have concerns regarding their credit cards. For the average person, credit cards are a necessary part of everyday life. They allow you to make purchases before payday and allow you to make payments later. ...
The longer you go without paying a debt, the more anxiety you are likely to feel. You may be worried about your credit score dropping or repossessions of assets. However, there is one thought that may be the most worrisome, and that is wondering if you can end up in...
If you are filing for bankruptcy, you are not the first or last person to do so. Although deciding to file for bankruptcy is not an easy decision to make, it can help relieve debt and hit reset on personal finances. This will set you up for a stronger financial...
Delinquent debt is on the rise. In Pennsylvania, the average total debt was $65,900, according to the Philadelphia Federal Reserve Bank. For many individuals, it can be hard to overcome debt as it begins to pile up. But, there are plenty of options for experiencing...
Some people who file for Chapter 13 bankruptcy find out that it doesn’t work for them for one reason or another. It may be that the monthly payments are hard to make or that they just want to move on and don’t want to go through years of making payments. Or it...
Bankruptcy is often used when a person’s debts have become so large that they cannot possibly pay them all. This means that by the time bankruptcy is declared, there have usually been multiple efforts made by creditors to collect the debts owed to them. One of the...
So, you need to reopen a Chapter 7 bankruptcy case. Luckily, you are able to do so. However, it is a complicated process that must be followed or the court will deny it. In this guide, we’ll walk you through the steps you must take in order to successfully reopen...
Chapter 13 bankruptcy involves the debtor participating in a repayment plan. Instead of making multiple monthly payments to all of their creditors, they instead make one monthly payment, which is then dispersed to their creditors. These repayment plans usually take 3...
In many parts of modern America, a car is a necessity. Unless you live in an area with a strong public transportation network, a car is required to get to work, get groceries, and to just get around in general. For this reason, many people considering Chapter 7...
