Chapter 13 bankruptcy is an option if you make too much money to go through a Chapter 7 bankruptcy. This form of bankruptcy allows you to make installment payments over the course of three to five years. During that time, a trustee takes the single payment and pays...
Chapter 13
How are debts handled in a Chapter 13 bankruptcy?
Filing a Chapter 13 bankruptcy means that you are going to repay some debts that are included in the case. Within 14 days of filing the petition, you have to file a repayment plan. This outlines how much you are going to pay and how often. These payments, which are...
Can you get a business loan with bankruptcy on your record?
You've wanted to open a business for some time, but you worry that you won't be able to get the capital you want. You're worried because of your past run-in with debt and bankruptcy. You paid back your debts through a Chapter 13 bankruptcy, which required you to pay a...
The wage earners bankruptcy will take time to get through
The Chapter 13 bankruptcy is one that you have to be prepared to deal with for a long time to come. This isn't as fast as the Chapter 7 because you have to make payments when you file the Chapter 13. It isn't necessarily easier to file this form since you have to meet...