Bankruptcy Blog

Stopping the repossession of your car, will take the use of the Chapter 13 Bankruptcy. By filing the bankruptcy it will force the lender to accept a new payment plan spread out over the next five years. The lender does have the right to expect you to have full coverage insurance on the car. Depending [...]

Today we had a Chapter 13 debtor come in to sign their paperwork to have their Chapter 13 case filed. What is interesting about this case is that both Debtors receive income through the treasury from the railroad. The husband had worked for the railroad for a number of years and now they [...]

One of the main reasons people file a chapter 13 bankruptcy is to stop a foreclosure sale of their home. The reason for the foreclosure sale is that for one reason or another they have fallen behind on the payments. The sale will usually happen after 4 to5 payments have been missed and the mortgage [...]

There is this couple that a couple years ago the husband took a major cut in pay. During a four month period of unemployment they ran up the credit cards they had. When he finally got the job he has it was for less money the credit cards finally got behind and then the [...]

Chapter 13 Bankruptcy is an option for debtors that have received “Notice of Foreclosure Sale” on their homestead. This allow the debtor to stop the foreclosure and repay the mortgage arrears through a 36 - 60 month Chapter 13 plan. The payments will be paid directly to the Trustee and disbursed to the mortgage co.
Once [...]

After you have submitted all of your paperwork to your bankruptcy attorney, you will meet with the attorney to find out what your payment will be to the trustee. The bankruptcy attorney will give you the payment amount, the due date and where to send the payment to. Your first payment is the [...]

Recently in the Northern District of Texas, the Judges have brought forward an opinion that was filed with the courts as it relates to Disposable Income as it is related to Debtors who are above median income. Two particular cases were reviewed by the Fort Worth Division Judges and they stated that these two [...]

In filing a Chapter 13 bankruptcy many clients have a concern about their tax refund and what happens to it when they are in an active Chapter 13 bankruptcy case. Many Debtors want to know how long does it take for their tax refund to get to them. There really is not a [...]

Any time you must mak a change to treatment of creditors or add more secured debt, a Chapter 13 plan modification must be filed with the court. The plan modification will reflect any changes to your plan term, base or monthly payment.
Your Chapter 13 trustee will review the proposed plan modification for accuracy and [...]

A chapter 13 bankruptcy is a plan that is use to help people that have fallen behind on house, car and credit cards. By the filing of the bankruptcy it will stop the foreclosure of the home or the repossession of the car. The car can start being paid through the plan, on the [...]