Whether struggling to make mortgage payments, pay off student loans or dealing with credit card debt, bankruptcy can be a helpful tool to help regain your financial footing. Many may be surprised to find student loans on that list, but bankruptcy can help those who...
Month: July 2016
Court permits Ch. 13 trustee to demand payments after 5 years
In most Chapter 13 bankruptcies, the debtor makes payments to the trustee for three to five years, and upon completion of the plan, they receive a discharge. In a somewhat unusual case, because a debtor experienced an increase in her income, the trustee was allowed to...
Done paying off your Chapter 13 bankruptcy? Court says maybe not.
Bankruptcy is a process designed to offer those who qualify a fresh financial start. Different types are available, but one of the more common is a chapter 13 bankruptcy petition. A petition for relief through a Chapter 13 bankruptcy generally allows the petitioner to...