Although a Chapter 13 case lasts so much longer than a Chapter 7 one, it often has huge advantages. But you have to complete it successfully. Once your Chapter 13 payment plan gets approved at the “confirmation hearing,” your case is on its way. Now you have to comply with that plan to get the advantages that Chapter … Read More
Most likely your Chapter 7 case will be completed successfully. But be aware of these essential steps to make sure it does happen. You’ve filed a Chapter 7 “straight bankruptcy” case, which stopped all creditor collections actions against you. About a month later you’ve gone through the Meeting of Creditors with the Chapter 7 trustee. Now within two more … Read More
These two requirements are quite straightforward to accomplish, but can trip you up if you don’t take care of them when you need to.
This is a usually an easy hoop to jump through, but do it with the right timing.
“Credit counseling” is necessary before you can file a bankruptcy case. But it is only good for 180 days. Be sure to file before it expires.
You may be much more comfortable with the “straight bankruptcy” process once you read this story about how it goes.
The same way that you can’t START a bankruptcy case without “credit counseling,” you can’t FINISH without “debtor education.”
“Credit counseling” is not really counseling. It’s not difficult, but a necessity before you can file a bankruptcy case.