Chapter 13 is very different from Chapter 7 “straight bankruptcy.” It buys you time to deal effectively with your special debts.
Here’s an example showing how to answer a creditor’s complaint objecting to the legal write-off of a debt in bankruptcy.
Here’s an example showing in a practical way what happens when a creditor objects to the legal write-off of a debt in bankruptcy.
Bankruptcy can’t write off certain kinds of debts. Chapter 13 enables you to prevent liens hitting your home from those debts.
Bankruptcy can’t write off certain kinds of debts. Chapter 7 may give you enough help to avoid liens on your home from those debts.
So you’ve heard you can get into trouble if you use credit before filing bankruptcy. What are the rules about this?
Likely you’ve not committed any fraud preventing you from writing off your debts in bankruptcy. But how about “presumptions of fraud”?
If your divorce decree obligates you to pay other than child or spousal support, Chapter 13’s “super discharge” may hugely help.
The risk that creditors will not allow you to discharge some of their debts can be minimized through smart timing of your bankruptcy.