If you are behind on your mortgage payments then Chapter 13 bankruptcy is a great way to prevent foreclosure of your home and catch up on your mortgage. Mortgage arrears can be paid over three to five years and often… Continue Reading
Chapter 13 bankruptcy cases can last three to five years. During the bankruptcy case, the debtor makes payments to a trustee who in turn pays the creditors as per the terms of the Chapter 13 plan. In order to continue in the bankrupty case the… Continue Reading
Homeowners that have fallen behind on their mortgage payments often file Chapter 13 bankruptcy to prevent foreclosure of their home and to catch up on missed payments. Chapter 13 bankruptcy allows them to get caught up on their payments over three… Continue Reading
People considering filing bankruptcy are often concerned with whether they can be discriminated against for filing. Usually this concern falls into two categories: utilities and employers. The Bankruptcy Code states that utilities cannot deny a person service for filing bankruptcy. … Continue Reading
Whether or not filing bankruptcy will hurt the filer’s credit score depends on whether their credit rating is already low. A typical bankruptcy filer has a significant amount of debt and has already defaulted on several accounts. If this is… Continue Reading