Chapter 13

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What is the Chapter 13 Means Test?


When you reach the point at which you are ready to file for bankruptcy, it is important to determine what type of bankruptcy is best for your situation. A bankruptcy means test can help you decide. A means test determines if you make enough money to repay at least a portion of your debt through a Chapter 13 bankruptcy repayment plan or if you qualify for a Chapter 7 bankruptcy instead. Take a look at the details of a chapter 13 means test below. Who Takes the Chapter 13 Means Test If you have an income that is greater than the [...]

What is the Chapter 13 Means Test?2018-10-31T09:52:53+00:00

What is Chapter 13 Bankruptcy?


Why You Should Consider Chapter 13 Bankruptcy Chapter 13 bankruptcy is sometimes referred to as the wage earner’s bankruptcy plan. It allows individuals with a consistent income to create a plan that helps them repay a portion or all of their debt. In Chapter 13 bankruptcy, debtors create a payment plan to make payments over three to five years to their creditors. If their income is less than the median income of the state, the plan will be made for three years unless a longer period is approved by the court. Debtors are rarely allowed to create plans for longer than [...]

What is Chapter 13 Bankruptcy?2018-10-31T09:54:02+00:00

Life After Chapter 13


The Ins And Outs Of Chapter 13 Bankruptcy Relief Debtors can potentially keep their property and catch up on delinquent payments if they file for Chapter 13 bankruptcy. Gwinnett County bankruptcy lawyer Keith Cornwell has helped many residents by guiding them in the right direction, and sometimes that includes filing for Chapter 13. Most debtors emerge from this type of bankruptcy with all of their assets left intact and their accounts in good shape. It should be noted that filing for this type of bankruptcy could have a bad impact on your credit rating in spite of all the benefits that [...]

Life After Chapter 132018-05-07T16:12:30+00:00
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