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.
“Credit counseling” has to be done shortly before filing bankruptcy, “debtor education” shortly after. The latter may even be worthwhile.
“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.
What happens in and around the “Meeting of Creditors” in a Chapter 13 case?
More on getting comfortable with the “straight bankruptcy” process with this story about how it works.
Considering the length of a Chapter 13 case, and also its many advantages, you need to know what it takes to successfully finish it.
Before getting into something, you should know how to get out. Like what it takes to successfully finish a Chapter 7 bankruptcy case.
The same way that you can’t START a bankruptcy case without “credit counseling,” you can’t FINISH without “debtor education.”