What Happens if You Can’t Make Repayments in a Chapter 13 Plan?

Admin on March 31, 2016 Posted in Bankruptcy News, Chapter 13 Bankruptcy

There are a variety of reasons that debtors choose Chapter 13 bankruptcy over Chapter 7. Some have debts that can only be discharged in Chapter 13 bankruptcy. Others prefer Chapter 13 because it allows them retain more of their assets while going through the bankruptcy process. Some debtors would like to file for Chapter 7 […]

Hardship Discharges in Chapter 13 Bankruptcy

Admin on March 15, 2016 Posted in Blog, Chapter 13 Bankruptcy

While Chapter 7 bankruptcy allows for many debts to be discharged soon after the initial filing, Chapter 13 bankruptcy requires debtors to submit a repayment plan that will allow them to make monthly payments on their debts for either three or five years before receiving a discharge. However, in some cases a bankruptcy judge will […]