Will somebody please explain Chapter 13 bankruptcy to me. I understand it is a payment plan to pay back your..?

Jan 15, 2009 by jstone1923 | Posted in Personal Finance

debts, but do you pay a monthly fee on top of your regular payments of bills? Or are your bills reduced, such as house and cars, to make things more affordable? Is this called restructuring? My problem is I cannot afford my monthly payments any longer

Best advice is to contact a local bankruptcy attorney in your area, most will see you free the first consultation. A good website is the US Bankruptcy official site, www.usbankruptcy.gov Excellent site for information on chapter 7 and chapter 13.

S P | Jan 15, 2009

I would go with a Chapter 7. In a Chapter 7, you can keep your home and vehicles by continuing or renegotiating your payments. Any other expenses, like credit cards would normally be dismissed against you. Of course, this stays with you for 7 years.
Cindy | Jan 15, 2009

Can anyone explain a Chapter 13 bankruptcy?

Feb 10, 2009 by auroras | Posted in Personal Finance

How much does it cost? Who can do it for me? How long will it take?

Chapter 13 is a reorganization of your debt under the supervision of the US bankruptcy court. Usually, it will involve paying off 100% of your debts under payments determined by the trustee. In some cases, you may be able to pay less than 100%. Your attorney

northcountry57 | Feb 10, 2009

Chapter 13 Bankruptcy Information: Overview of Chapter 13 - FindLaw

An Overview of Chapter 13 Bankruptcy from FindLaw. URL: www.findlaw.com

Bankruptcy seminar held in Sebring

24.04.11

SEBRING - The myth about bankruptcy and solving financial problems were among the topics discussed during a bankruptcy seminar led by local attorney Andres Oliveros earlier this month at the Bert J. Harris Jr. Agricultural Center in Sebring.

A total of 12 people attended the seminar, according to Dorene Yates, pro bono coordinator for Florida Rural Legal Services Inc., a non-profit law firm dedicated to providing quality civil legal education for low income people. 

Oliveros discussed solutions for those in financial crisis by talking about the laws that are established to provide relief.  He stressed that there can be a light at the end of the tunnel for those who are caught in the downward spiral of credit card debt.

Source: Tbo.com

chapter 13 bankruptcy explained - Bookshelf


Chapter 13 Bankruptcy, Keep Your Property & Repay Debts Over Time
486 pages 		Chapter 13 Bankruptcy, Keep Your Property & Repay Debts Over Time

Creator: Stephen Elias, Robin Leonard | Business & Economics - 2009-11-02
Are creditors threatening foreclosure or repossession? This book will show you how to save your house, car and other assets with "Chapter 13 Bankruptcy.
Publisher: Nolo
How to File for Chapter 7 Bankruptcy
555 pages 		How to File for Chapter 7 Bankruptcy

Creator: Stephen Elias, Albin Renauer, Robin Leonard | 2009-11-02
If you can't pass the means test, you might consider filing for Chapter 13 bankruptcy, with the help of Nolo's Chapter 13 Bankruptcy, by Stephen Elias and ...
Publisher: Nolo
The New Bankruptcy, Will It Work for You?
385 pages 		The New Bankruptcy, Will It Work for You?

Creator: Stephen Elias | Law - 2009-06
Chapter 13 bankruptcy initially looks like a good alternative, ... Which Debts Are Discharged if your Chapter 13 bankruptcy pays your unsecured debts in ...
Publisher: Nolo

Chapter 13 Bankruptcy Explained

by admin

Chapter 13 bankruptcy is designed to give the debtor the opportunity to pay down his or her debts with court protection from the harassment of constant calls from bill collectors and creditors. This form of bankruptcy should not discharge any debts, but instead gives the debtor the opportunity to set up a workable payment structure to help get out of debt in the foreseeable future. It generally works more like a debt repayment plan than a “get out of debt” card.

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chapter 13 bankruptcy explained - News


Bankruptcy seminar held in Sebring
Tbo.com - Apr 24, 2011
When you file a Chapter 7 bankruptcy, you are telling the court that you can't pay back your debt at all. The process takes about four months and the debt is discharged. Oliveros explained the second avenue, Chapter 13, is sometimes called

Commission: Lawyer should lose his license
The State Journal-Register - Apr 25, 2011
Russell Reed, a Hinshaw & Culbertson partner, hired Narmont to handle a Chapter 13 bankruptcy. Reed's liabilities included two loans from retirement accounts, which made Hinshaw & Culbertson a creditor that had to be notified of the bankruptcy case,

IN RE BARBEL
Leagle.com - Apr 15, 2011
Before the sale of the property was conducted, Barbel filed a voluntary Chapter 13 bankruptcy petition on March 22, 1999, and an automatic stay was entered regarding the real property securing the note. Within one week, Chase filed a proof of claim in

IN RE NELSON
Leagle.com - Apr 25, 2011
Creditor Jennifer Odess ("Odess"), who is debtor Erik Nelson's ("debtor") ex-wife, objects to confirmation of debtor's chapter 13 plan. She argues that the plan fails to provide for full payment of debtor's obligation to Odess for what she

IN RE DIMOGERODAKIS
Leagle.com - Apr 12, 2011
Dimogerodakis filed for Chapter 13 bankruptcy in the District of New Jersey on April 22, 2004. (Op. at 4.) In an October 31, 2007 order, the Bankruptcy Court authorized the sale of the real property to Nicholas Dimogerodakis. (Order of the Bankruptcy

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