Chapter 13 bankruptcy, commonly known as a wage earner’s plan, offers individuals with regular income a means to manage their debts. By proposing a repayment plan lasting three to five years, debtors can save their homes from foreclosure and consolidate…
Are you drowning in debt and considering bankruptcy? Before you make any decisions, it’s crucial to understand the three main types of bankruptcy. This article will delve into the specifics of Chapter 7, Chapter 13, and Chapter 11 bankruptcies, providing…
Table of contents Will my creditors stop bothering me? How will my spouse be affected? Who will know I filed for bankruptcy? Is credit possible after bankruptcy What are the costs to file for bankruptcy? What are the top five…
When consumers turn to bankruptcy, it means they are deeply in debt and that debt is preventing them from living their life. Bankruptcy is designed to help out people who truly need it. Filing for bankruptcy does not have to…
1. Eliminating the legal obligation to pay many of your debts In some cases, declaring bankruptcy can help you eliminate your obligation to pay certain debts. Of course this will depend on the situation. The most notable debts that you…