Tag Archives: chapter 13 bankruptcy

Pros and Cons of Chapter 13 Bankruptcy

Chapter 13 bankruptcy is different from a Chapter 7 liquidation, in that you file a repayment plan to help manage your debt.

Start Rebuilding Credit After Bankruptcy

After bankruptcy, how to rebuild credit is usually the most important concern you may have. What are your options if you want to rebuild bad credit after filing for personal bankruptcy?

First Consider The Negative Effects of Filing Bankruptcy

Before you consider filing personal bankruptcy, it’s important to get the whole story on the negative effects of bankruptcy. I went through bankruptcy four years ago, and I am still sorry I did it.

Do You Really Need A Bankruptcy Lawyer?

One of the biggest obstacles to filing for personal bankruptcy are the legal costs. The fees charged by the court are under $500 in total, but bankruptcy lawyers will charge you an additional $2,000 or more for services to file for bankruptcy. If you’re too broke to pay your credit cards and loan payments, [...]

Can Bankruptcy Stop Foreclosure?

So many Americans today are facing financial trouble, and that means they are in danger of losing the one thing they worked so hard for – their home.  Many times, when facing foreclosure, a homeowner may consider bankruptcy, as there is question whether bankruptcy can stop a foreclosure.  Here are some points to think about.
First, [...]

Which Is Worse: Bankruptcy Or Foreclosure For Your Credit Score?

 If you have been thinking of filing personal bankruptcy, you’ve probably thought about what the long term impact of bankruptcy will be. A big issue that many people are concerned about today is foreclosure, especially which is worse, bankruptcy or foreclosure, for your credit score. Yet bankruptcy and foreclosure are very different, and hard to [...]

Introduction to Chapter 13 Bankruptcy

The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income is known as Chapter 13 bankruptcy. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.