Avoiding the Disadvantages of a 5-Year Chapter 13 Case

Wasson and ThornhillPre-Bankruptcy Planning

There are financial, credit record, risk, and emotional disadvantages to a 5-year Chapter 13 case that you might avoid through smart timing.   Our last two blog posts were about how the last 6 calendar months of income of a person filing a Chapter 13 case can determine whether his or her Chapter 13 payment plan lasts only 3 years … Read More

Beyond Paying Your Chapter 13 Plan

Wasson and ThornhillChapter 13

To finish your case successfully, sometimes beyond paying your Chapter 13 plan you may need to pay a debt directly and do some other things.   The bankruptcy court’s approval of your payment plan (at the Confirmation Hearing) happens about 2-to-4 months after filing your case. At that point your Chapter 13 case is fully on its way. You likely … Read More

Smart Timing Can Make Your Chapter 13 Case Shorter

Wasson and ThornhillChapter 13

Smart timing of your Chapter 13 “adjustment of debts” case can sometimes allow you to finish your payment plan faster and save lots of money.   Chapter 7 vs. Chapter 13 Two days ago we showed the importance of timing in the filing of a Chapter 7 case. The timing can affect whether you can qualify to be in a … Read More