Some people call Chapter 13 bankruptcies “wage earner plans.” This form of bankruptcy gets this name from the fact that a filer is required to make multiple years of structured payments to the courts to reduce what they owe their creditors. The repayment plan model...
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Month: October 2023
Avoid these mistakes when filing for Chapter 7 bankruptcy
The decision to file for personal bankruptcy under Chapter 7 of the U.S. Bankruptcy Code can be exceedingly tough to make. You may have spent ages running the pros and cons through your head before making your final decision to go ahead. Having made that commitment,...
Can you rebuild your credit after bankruptcy?
One of the common myths surrounding bankruptcy is that it ruins credit forever. It's normal to lose points on a credit score after filing for bankruptcy. You can recover them with time. Here is how to rebuild credit after bankruptcy: Apply for a new line of credit ...
What constitutes debt collector harassment/abuse?
Most creditors work with debt collection agencies/individuals (debt collectors) to collect customers' debts. Debt collectors are required by law to observe fair practices. They should not harass, oppress or abuse you. This guide discusses what constitutes debt...