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Chapter 13 Archives

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 specific requirements.

Former Lt. Gov. and wife file for Chapter 13 bankruptcy relief

The former Lieutenant Governor of Arkansas, Mark Darr and his wife, Kimberly, have filed for Chapter 13 bankruptcy. Chapter 13 is a bankruptcy for wage earners with regular income who want to pay part or all of their outstanding bills pursuant to a three to five-year payment plan. This type of bankruptcy is used mostly by consumers to try and keep their homes by getting their defaulted mortgages back up to date.