Chapter 13 Bankruptcy

Points To Remember While Looking For A Wonder Bankruptcy Lawyer In Troy, Alabama

Call: 888-297-6203 When your income is not enough to pay all your debts, it can cause you trouble. Creditors can harass you at unwarranted times and places and it can be quite problematic. Your creditors can repossess your car or foreclose on your property too. This can create domestic problems with your spouse and kids. If the situation seems way over your head, you need to look for skilled bankruptcy lawyers in Troy, Alabama to get rid of this problem. How to find good bankruptcy law firms in Troy, Alabama? Since you are facing financial problem, having a [...]


Hire A Personal Bankruptcy Law Firm In Northport, Alabama, And Be Debt-Free!

Call: 888-297-6203 Your family depends on you, not just for providing them, but also taking care of their needs. that includes protecting them from any harm caused due to the non-payment of your debts. Failure to honor your financial commitments can put your entire life in jeopardy. Impending foreclosure and repossession can be daunting and traumatic for anyone. However, professional assistance in the form of an experienced bankruptcy lawyer is available in Northport, Alabama. If you want to get rid of your liabilities, you need to start your search for lawyers now! Investigate bankruptcy lawyers in Northport, Alabama [...]


Could You Get the Bankruptcy Court Fees Waived?

According to lawyers of Los Angeles based firm, the court system is expensive and therefore even people who file for bankruptcy need to pay a filing fee to cover the costs. However, for those who cannot afford to pay the fee, the exemption is made provided they can meet the required qualifications. Alternately, the option of paying the bankruptcy filing fee in installment is also available. Here’s everything you wanted to know about the bankruptcy fee waiver. Who can get a fee waiver? If you wish to get a fee waiver then you need to meet the following [...]


Homosexual Spouses Allowed A Joint Petition

Call: 888-297-6203 A homosexual couple got permission for filing a joint petition in a Chapter 13 bankruptcy case despite the argument of the Trustee that their marriage is illegal under the Defense against Marriage Act (DOMA), as only the couples who are legally married can file joint petitions in bankruptcy. But on June 13, 2011, a bankruptcy court in California denied the dismissal of a joint Chapter 13 bankruptcy case for homosexual couple debtors. Under 11 U.S.C. 302(a), gay spouse debtors are permitted to file a single petition. The court’s statement was: “In this court’s judgment, no legally [...]


Can Student Loans be Discharged in Chapter 13 Bankruptcy?

Unlike chapter 7 which is a liquidation bankruptcy, chapter 13 involves the reorganization of debts. Student loans are priority debts that cannot be discharged during any bankruptcy chapter unless you can prove hardship. In the case of chapter 13, you can include them with the court’s permission in your repayment plan. Surprisingly, say Dallas based bankruptcy law firm Recovery Law Group many people are unaware that student loans cannot be modified, hence they do not include them. However, these debts can be reduced as well as modified during bankruptcy. Chapter 13 bankruptcy involves a repayment plan which can [...]


What are the Filing Requirements in a Chapter 13 Bankruptcy?

Call: 888-297-6203 Any individual, sole proprietor, a self-employed or an unincorporated business owner can file for chapter 13 bankruptcy if they are struggling to pay off a huge amount of debt. Unfortunately, corporations and partnerships do not have the luxury to opt for this option. Unlike chapter 7, chapter 13 has debt limits for qualifying under this bankruptcy chapter. This limit is tied to consumer price index say Los Angeles based bankruptcy law firm Recovery Law Group lawyers. Currently, individuals having an unsecured debt of up to $360,475 and secured debt up to $1,081,400 are eligible to file [...]


Can Chapter 13 Bankruptcy Affect Your Tax Returns?

Call: 888-297-6203 Despite bankruptcy getting rid of the majority of your debts, you are still required to file a federal tax return with IRS. With chapter 13 bankruptcy, individuals and small business owners can repay their creditors through a repayment plan. However, before filing for bankruptcy, all tax returns for the past 4 years must have been filed before the 341 meetings. Additionally, all current and applicable local, state and federal taxes due either during or after bankruptcy should also be filed. If you fail to pay current taxes or file tax returns, Dallas based bankruptcy law firm [...]


Chapter 13 Bankruptcy: Pros and Cons

Call: 888-297-6203 People who are struggling with huge amounts of debts often choose bankruptcy to get rid of them. Chapter 7 bankruptcy is preferred as most of the times you get away without losing any property and all your debts are discharged. However, those who fail to qualify for chapter 7 file for chapter 13 bankruptcy. in this chapter, Dallas based bankruptcy law firm Recovery Law Group lawyers say, debt reorganization takes place and you pay your creditors through a repayment plan. There are pros and cons associated with this chapter of bankruptcy. Benefits of Chapter 13 Bankruptcy [...]


Can an Increase in Mortgage Payments Cause a Reduction in Chapter 13 Bankruptcy Payments?

Call: 888-297-6203 Suppose, you have a five-year repayment plan under Chapter 13 bankruptcy which you’re unable to keep up to due to lack of money. In order to make up for the shortage, you’ve not been paying your property taxes. Your mortgage company agrees to make changes to your loan, but that will shot up your house payment. Do you think your bankruptcy trustee will decrease your Chapter 13 monthly plan payment by the amount equal to the increase in your mortgage payment? The answer is no, unless under exceptional circumstances. When you apply for Chapter 13 bankruptcy, [...]


Is It Sensible to File for Chapter 13 Bankruptcy to Save Oneself from an Eviction?

Call: 888-297-6203 Imagine, you have not paid the rent to your landlord since past few months, and now your landlord wants to evict you from his property. When the landlord handed you the eviction notice, you offered to pay the late rent (you just got it from a friend who owed it to you), but he asked you to pay an extra $900 to cover the lawyer’s fee, too. According to you, the lawyer didn’t do any work, so you refused to pay that extra amount. Now, in order to stop the landlord from going ahead with the [...]

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