Income taxes that can and canât be discharged. Recorded tax liens. Here are straightforward examples of how Chapter 13 works with each.
I Heard it Takes Years to Get Rid of Your Debts under Chapter 13
Yes, the “discharge”–write-off–of your debts does not happen until the end of your 3-to-5-year case. Thus there are some resulting risks.
Can Chapter 13 Discharge More Debts than Chapter 7?
Yes, but barely. Chapter 13 can deal much better with many kinds of debts, but it can only discharge one kind that Chapter 7 can’t.
Examples of Benefits of Chapter 13
We end this series on Chapter 13 with some illustrations of how it works and why it can be so great.
Should You File a Chapter 13 Case with Your Spouse If Your Marriage Is Shaky?
You and your spouse may need the extraordinary benefits of Chapter 13, but things get awkward if your marriage ends before the case does.
Why File Chapter 13 and Pay Something to Your Creditors Instead of Paying Nothing Under Chapter 7?
Chapter 13 has huge advantages in many situations, often making any extra cost well worthwhile.
How Much Do You Pay Creditors in Chapter 13?
Under Chapter 13 some special creditors may be paid in full, while others are paid much less, sometimes even nothing. What determines this?
How Do You Qualify for a Chapter 13 Case?
Chapter 13 has many benefits not available under Chapter 7. So what determines whether you can file under Chapter 13?
How Long Does a Chapter 13 Last?
Whether you must pay for 3 years or 5 depends mostly on your income. Exactly how long it last depends on the many moving parts of your case.
What Is a Chapter 13 Plan?
It’s a formal proposal about how much you’ll pay your creditors. It is, often after some adjustments, “confirmed” by the bankruptcy court.
Special Home-Saving Tools-Part 2 – Avoiding Judgment Liens and Stripping Junior Mortgages
Save your home by “avoiding” judgment liens and “stripping” your second (or third) mortgage off your title.