Submitted by Anonymous (not verified) on Wed, 03/02/2016 - 17:01
Not every married couple files a joint chapter 13 bankruptcy case. However, the income and expenses of the non-filing party is critical in determining how much the filer has to pay per month to a Chapter 13 trustee and for how long. This relatively new concept stems back to the bankruptcy reform of October 17,+ Read More
Submitted by Anonymous (not verified) on Fri, 02/26/2016 - 18:22
When a chapter 13 case is up for confirmation, the court, the trustee and the debtor must comply with section 1129 of 11 U.S.C. This section deals with confirmation of a plan and it lists all the different factors that must be complied with for the court to sign an order confirming the plan. Most+ Read More
Submitted by Anonymous (not verified) on Sat, 02/20/2016 - 18:10
When Chapter 13 Makes Sense There are certain circumstances where chapter 13 makes perfect sense even though there may not be a lot of debt being repaid. A perfect example of this would be if a person’s driver’s license is suspended due to failure to pay parking tickets to the City of Chicago. Let’s say+ Read More
Submitted by Anonymous (not verified) on Thu, 02/18/2016 - 20:30
Chance For Dismissal This is a question that comes up on nearly every chapter 13 bankruptcy case that is filed. It is almost impossible to make it through the chapter 13 filing process without some sort of difficulty. The difficulty might stem from the trustee, a creditor, the regulations, or the debtor himself. There are+ Read More
Submitted by Anonymous (not verified) on Wed, 02/17/2016 - 23:50
Working with clients who fall into debt traps has made me cautious about using credit cards. That’s an understatement. I’m paranoid when it comes to debt. I pay off all personal and business credit card debts in full and never carry a balance. In fact, I pay the accounts weekly so I don’t carry a balance on my credit report. (That actually helps boost a credit score.)
So, I was surprised when the folks at the Debt Reduction Center sent me this advertisement letter.