Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor’s ability to repay.  While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation.  While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]

You will not go to jail for failure to pay a bill.  There simply is no debtors’ prison anymore and you don’t have to be in fear that you’re going to go to jail if you don’t pay your bills.  However, you must appear in court if you are notified to appear either in state or federal court.  If someone winds up getting in trouble with the court, it’s going to be for contempt of court for failing to appear.

The minute you hire a law firm, this is even before your case is filed; but the minute you hire a law firm and retain an attorney, you have the ability to refer your creditors to that attorney.  Under the Fair Debt Collection Practices Act, once a creditor is made aware that you are filing for bankruptcy or that you have representation to file bankruptcy, they are prohibited from contacting you and they must go through your attorney.

Purchasing a home, obtaining a mortgage, financing for a house is definitely available after a bankruptcy cases filed.  The typical time period that one has to wait to qualify for a decent mortgage is two years.  If you can wait two years, you’re going to have a decent down payment hopefully and you are going to get a decent rate.  Now, your rate is not going to be as good as someone who had perfect credit and who never had to file for bankruptcy.  However, you can start with a halfway decent rate two years after filing your bankruptcy and then look to refinance a year or two or three down

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 09, 2013 Texas search firm seeks $100K from Casey Anthony Oreck Corp. files for bankruptcy protection Extra, Extra: Read All About The Daily Voice’s Bankruptcy

It is possible to have your life insurance policy be protected in bankruptcy under certain circumstances.  While there are different types of life insurance, this information pertains to simplified whole life and term life insurance policies since a wide majority of consumers have these types most often.  There are factors to review in

In its first-ever criminal referral, the new Consumer Financial Protection Bureau, the federal consumer watchdog agency mandated by Dodd-Frank, has referred a case for criminal prosecution against a d

When you have successfully completed your chapter 13 plan, you receive what is referred to as a discharge. When you receive a discharge, it means that all of the debt you included in your chapter 13 filing has been legally paid. After the discharge, creditors who were part of the process are not allowed to [...]

When you have successfully completed your chapter 13 plan, you receive what is referred to as a discharge. When you receive a discharge, it means that all of the debt you included in your chapter 13 filing has been legally paid. After the discharge, creditors who were part of the process are not allowed to […]The post The Chapter 13 Bankruptcy Discharge appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.

In many cases, assets that belong to your spouse may be off limits to creditors but it depends on the circumstances of the spouse filing for protection.  There are a few factors to review that may give clarity regarding account funds.  You need have a good idea of what assets are considered part of your [...]