By filing for Chapter 13 bankruptcy, an Arkansas judge will put an automatic stay of creditor collection activity in place. Over a period of three or five years, you will make payments to your creditors in accordance to a plan that you create. However, there is a...
Chapter 13
Budgeting and payments to the bankruptcy trustee
Filing for a Chapter 13 bankruptcy means that you are trying to get back on your feet financially. In order to have the case discharged, you have to make payments to the bankruptcy court. This means that you are likely going to have to cut your expenses down to the...
Budgeting can help you during a Chapter 13 bankruptcy
When you file a Chapter 13 bankruptcy, you have to make sure that you are ready to live on a budget. The case has a major impact on your finances because you will have to pay the bankruptcy court on a set schedule. Making sure that you can make ends meet during this...
Bringing in too much income? Try Chapter 13 bankruptcy
Chapter 13 bankruptcy is a type of bankruptcy that allows you to make payments on the debts you owe over time. The bankruptcy lasts between three and five years, during which time you pay a set amount each month toward the debts you owe. At the end of the bankruptcy,...