A Chapter 13 repayment plan must show that you can make steady monthly payments for three to five years. South Florida residents often face unique financial pressures that affect plan success. The rising cost of living, variable income patterns and local court...
Many people refer to Chapter 13 bankruptcy as a wage earner’s plan. The person filing for bankruptcy is not subject to the same strict income limits as people pursuing Chapter 7 bankruptcy. Filers also do not risk the liquidation of their property as part of the...
If you live in Florida and plan to file for Chapter 13 bankruptcy, you'll need to go through the means test. The test doesn’t decide whether you are eligible to file, but it plays an important part in outlining how your repayment plan will work. The test figures out...
You’ve filed for Chapter 13 bankruptcy. You’ve followed your three to five-year repayment plan, stuck to your budget, and are waiting to recover your debt. But then, you find out that some debts are still there. What’s going on? Welcome to the world of...
If you’re like many people, a car is more than just transportation. It’s how you get to work, care for your family, and manage daily responsibilities. The threat of repossession adds pressure when money is already tight, but Chapter 13 bankruptcy may provide a way to...
Struggling with mortgage payments and facing foreclosure feels overwhelming. Chapter 13 bankruptcy lets you keep your home by reorganizing debts and creating a repayment plan. It allows you to catch up on overdue payments, but how does it work? Understanding this...
Declaring bankruptcy can trigger a wave of tension and an overwhelming sense of uncertainty. One of the most intimidating aspects of the process is the meeting of creditors. Can you skip this meeting and still achieve debt relief? Skipping the meeting of creditors is...
Owning a home is the American dream. However, keeping up with the monthly mortgage is a challenge. If you're in danger of losing your house because of missed payments, you may want to consider filing for bankruptcy. Although many think bankruptcy means losing...
Filing for Chapter 13 bankruptcy is a significant financial decision that could have long-lasting effects on your credit. If you are considering this option, you might wonder how it will impact your credit score. Below are the potential consequences and what you can...
Medical debt has become a silent epidemic affecting millions in a country where healthcare costs continue to soar. The stress of mounting bills can overshadow the joy of recovery, leaving many to wonder if there is a way out. For those struggling with medical debt, or...
