Chapter 13 cramdown doesn’t just work for vehicle loans. You can also cram down debt for the purchase of “any other thing of value.”
If your vehicle is worth less than you owe on it, with good timing cramdown could reduce your monthly payment AND the total amount you pay.
Using a credit card shortly before filing bankruptcy doesn’t seem right. The law agrees. Writing off this kind of debt can be a problem.
Usually you can discharge–write off–an income tax debt by just waiting long enough. Here’s how to discharge a tax debt under Chapter 7.
How to know whether to delay filing bankruptcy when you’re expecting new medical services and their medical debts? Here are two examples.
A bankruptcy covers the debts that exist as of the time your case is filed, not future debts. So how do you know when to file your case?
What does the completion of a successful Chapter 7 “straight bankruptcy” case look like? What happens to your debts?
What does the completion of a successful 3-to-year Chapter 13 case look like?What happens to your assets and debts?
Finishing a Chapter 13 case successfully is a big deal. It is rewarding financially and emotionally. Here’s how it happens.
The Chapter 13 trustee is an important player in your “adjustment of debts” case so it helps to know how to deal with him or her.
If you own a home with a qualifying 2nd or 3rd mortgage, one of the best reasons to file a Chapter 13 case is to “strip” off that mortgage.
Long working hours, relatively good tools, and an efficient business environment mean that we produce more per person than anybody else.
If getting separated or divorced while in a Chapter 13 case, you’ll likely each need a new lawyer for independent advice about what to do.