Bankruptcy Blog

Due to the Bankruptcy Abuse Prevention and Consumer Act (BAPCPA) of 2005, many individuals will now be unable file Chapter 7 Bankruptcy and will instead be forced to file Chapter 13 Bankruptcy. Chapter 13 Bankruptcy does not discharge your debt immediately. Under Chapter 13 Bankruptcy you will be required to construct a bankruptcy repayment schedule [...]

If your income is too high to file Chapter 7 Bankruptcy, or you have a home and other properties you do not want to liquidate, filing Chapter 13 Bankruptcy may be another option for you. Chapter 13 Bankruptcy will not immediately discharge your debts but it may allow you to: stop home foreclosure, end repossession, [...]

If you are not eligible to file Chapter 7 Bankruptcy, or if you have assets or property you wish to keep, filing Chapter 13 Bankruptcy in Illinois may be the best option for you. Unlike Chapter 7 Bankruptcy, Chapter 13 will not provide an immediate discharge of your debts, but will instead allow you to [...]

Filing Chapter 13 bankruptcy in Ohio can stop foreclosure on your home and give you the breathing room you need to get out of debt. Talk to a local Ohio bankruptcy attorney to find out if the protections of Chapter 13 bankruptcy can help you.

A recent press release issued by RealtyTrac, a national database for foreclosed properties, said recently that if foreclosure filings continue on their current pace, one million homeowners will lose their homes in 2008, up from 400,000 in 2007.
Recent economic news leaves little doubt that more foreclosures are likely this year. Trouble in the credit markets [...]

Stopping foreclosure proceedings on your home should be a top priority. A bankruptcy attorney can help you keep your home and avoid foreclosure. Owning your own home has always been part of the American dream. Sometimes unforeseen circumstances can lead you to fall behind on mortgage payments, including a medical crisis, loss of employment, divorce [...]

A Chapter 7 Bankruptcy is what most people think of when you say “Bankruptcy“. This bankruptcy deals with unsecured debts. If you are behind on your house or car the chapter 7 will not help you to keep those things. The chapter 13 bankruptcy is mainly used for people that have fallen behind on their [...]

A Chapter 13 Bankruptcy is used most by people that have fallen behind in their mortgage payments or fallen behind on their car. The chapter 13 will force the mortgage company to stop the foreclosure process or the repossession of your car. With the mortgage only the arrears can be put in the in the [...]

Many people are not familiar with the bankruptcy laws and when they fall behind and in a trap once again, they feel they have no option. It is possible for someone who has filed a Chapter 13 bankruptcy to re-file their case if their previous Chapter 13 case has been dismissed. The process [...]

When a Debtor files for a Chapter 13 bankruptcy the process takes from three to five years to complete the process. Over the years the Debtor makes payments to the Chapter 13 trustee each month and under the new law, it is wage deducted from one or both of the Debtors. Once the [...]