When you are in debt that you can no longer pay, filing for bankruptcy may be your best option. You can choose to either file for Chapter 7 or Chapter 13 bankruptcy. The former liquidates assets, while the latter reorganizes debts. Therefore, with Chapter 13...
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Chapter 13 Bankruptcy
3 signs you might need to file for bankruptcy
Life can be quite unpredictable. And part of this unpredictability may involve going through a rough patch – financially speaking. If you are going through a difficult time, with creditors and collection agencies in hot pursuit, you need to figure out a solution. One...
Can you file for a chapter 13 bankruptcy after chapter 7?
Filing for a chapter 7 bankruptcy can offer you relief from debt that you’re struggling to repay. It means that certain debts are discharged and you can become debt-free as a result. There may be debts that cannot be discharged under chapter 7 which you need some...
Know the risks and possible drawbacks of a Chapter 13 bankruptcy
If your debts become insurmountable, they will probably impact most (or all) elements of your life. Overwhelming debt has even been linked to physical and psychological problems like high blood pressure and depression. Getting out of debt and back on track is a...
Chapter 13 bankruptcy and the holidays: What you need to know
If you’ve made the decision to file for bankruptcy, you probably realize that the sooner you begin the process, the sooner you can be on the road to financial health. However, with the holidays not too far away, you may be concerned that filing now will mean no...
How often can you seek bankruptcy?
Did you know that there is no limit to the number of times you can file for bankruptcy? While there is no limit, you do need to know that there are time restrictions, as well as other requirements, that may prevent you from filing certain forms. To understand when you...
How long will you make payments in a Chapter 13 bankruptcy?
When individuals in Alabama fall behind on bills, they can expect their creditors to engage in aggressive enforcement efforts. From lenders trying to reclaim collateral property like vehicles through repossession to civil lawsuits and wage garnishment, there can be...
The truth about title loans
Like a lot of other Americans, you’ve struggled with your finances over the last few years. It seems like the bills keep getting bigger, and your resources keep getting smaller. The only real thing you have of value that you own outright is your car or truck. Should...
Do you have to fully repay your debts in a Chapter 13 bankruptcy?
There are several different kinds of personal bankruptcy available. If you own significant personal property or have an above-average income, then Chapter 7 or liquidation bankruptcy may not be the best option for you. Chapter 7 bankruptcy would require that you sell...
Could Chapter 13 bankruptcy save the family home?
They say, “Home is where your heart is.” What if your heart leaps every time there is a knock at the door? Do you consistently check the caller ID before answering the phone? Are you avoiding the mailbox, which is now stuffed to overflowing will bills and notices?...