Since Chapter 13 bankruptcy lasts for three to five years, there is a chance that your life might change throughout the course of the plan. For example, you might find yourself in need of a new car at some point during your bankruptcy. It's not impossible to buy a car...
Filing for bankruptcy is often a person's last resort when they have overwhelmingly huge amounts of debts they cannot pay. However, many people believe that Chapter 7 is the best branch to use; while it is in certain cases, there are times when Chapter 13 is the...
When You Should File for Bankruptcy During a Divorce Many couples file bankruptcy just before, during, or right after a divorce,and this is often because separating assets and debts in a divorce leads to financial distress for one person or both. If you are planning...
Bankruptcy can be a life saver after years of financial insecurity. Once you receive your discharge, the thought of moving on to a new life free from debt is exciting. However, you may worry that you will not be able to purchase some items you may need,especially if...
When debt gets to the point of being overwhelming, filing for bankruptcy may be the answer. Contact Phoenix Law to learn more about your options. Living in debt is stressful, especially when it gets to the point where your income is not enough to even cover minimum...
The Median income figures are used in figuring out the first part of the “Means Test” that is required when figuring out if you are eligible for Chapter 7 Bankruptcy, or for figuring out in Chapter 13 Bankruptcy if you will be required to commit to a 36, or a 60 month...
The decision to file for bankruptcy is usually made after a very challenging time. The people that reach this point have been overwhelmed by debt are sometimes unable to meet their basic needs and are in fear of losing their home or vehicle. Depression and fear are...
Limits Of Bankruptcy Bankruptcy is a very powerful tool that allows honest people a fresh start. A bankruptcy discharge eliminates a person’s legal obligation to pay a debt that is discharged. Most, but not all, types of debts are discharged if the debt existed on...
Chapter 13 bankruptcy is a way to get out of debt. When researching the types of bankruptcy that may make sense for your situation, you are likely to encounter chapter 13 bankruptcy. Commonly called a wage earner's plan, Chapter 13 bankruptcy is a good option for some...
Keeping a House in Chapter 7 Bankruptcy So you want to keep your home and file Chapter 7 bankruptcy. In a Chapter 7 Bankruptcy the debt that you owe to the mortgage company will be discharged, however the mortgage lien will remain on your home. So here is what...
