Saving Your Home from Foreclosure under Chapter 13 Bankruptcy

Chapter 13 bankruptcy is often used to save a person's home or investment property  from foreclosure.

Options for the Distressed Florida Homeowner

Summary

Options for the Distressed Florida Homeowner

Summary

Increase in Consumer Debt

American consumer debt increased steadily in April as credit-card use surged. At the same time,  education and vehicle debt grew at the slowest pace since July 2012.   While economists typically see a pickup in consumer debt as a strong indicator of consumer confidence; however, the growth could also be a sign that money is scarce for many households and that consumer debt is the only option left on the table.

Chapter 13 Bankruptcy Plan

The bankruptcy code requires a chapter 13 debtor to file a chapter 13 plan. The chapter 13 debtor has the exclusive right to file a plan as chapter 13 is a voluntary proceeding. If the debtor fails to file a plan, the case may be dismissed or converted to chapter 7.

Chapter 13 Bankruptcy Plan

The bankruptcy code requires a chapter 13 debtor to file a chapter 13 plan. The chapter 13 debtor has the exclusive right to file a plan as chapter 13 is a voluntary proceeding. If the debtor fails to file a plan, the case may be dismissed or converted to chapter 7.

Credit Counseling Prior to Bankruptcy

The bankruptcy code requires that an individual seeking to file for bankruptcy relief must take a certain approve credit counseling course during the 180 days prior to the filing of the case.

Credit Counseling Prior to Bankruptcy

The bankruptcy code requires that an individual seeking to file for bankruptcy relief must take a certain approve credit counseling course during the 180 days prior to the filing of the case.

Student Loans

Experts state that by early 2013, the amount of student loan debt in the United States surpassed $1 trillion and that nearly 20% of Americans households owe on student loans.

Student Loans

Experts state that by early 2013, the amount of student loan debt in the United States surpassed $1 trillion and that nearly 20% of Americans households owe on student loans.

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