The amount of the plan payments in a Chapter 13 Bankruptcy is the key to making the plan work, catching up on your debts, and discharging those debts that you can. Although plans differ from state to state (and sometimes district to district within the state), the amount paid into the plan each month [...]

Popularity: 14% [?]

It’s finally happened: you’ve just about maxed out your credit cards, you have exhausted your savings (even the Christmas Club) and if your payments are still current, it’s abundantly clear that they won’t be for long. So how do you plan for the holidays, and for the reckoning that will soon follow?
If you liked that [...]

Popularity: 13% [?]

If your bankruptcy lawyer tells you there is a problem with your “means test,” known as Form B22, make sure the correct amount has been claimed for your vehicle ownership allowance.  This is a dollar figure from the IRS National Standards which attempts to estimate the average amount a person should be spending on car payments [...]

Popularity: 14% [?]

Senator Dodd, presidential candidate, has several proposals for reforming bankruptcy law.
Making student loans dischargeable in Chapter 7 bankruptcy would be a big change over current law.
Allowing Judges in Chapter 13 cases to change interest rates and lower the balance due on a mortgage has been introduced in the House, and is [...]

Popularity: 21% [?]

The bankruptcy court played an interesting role in the eventual publication of the controversial book by O.J. Simpson entitled “If I Did It.” Pablo F. Fenjves and O.J. Simpson, If I Did It, (Beaufort Books 2007).
O.J. Simpson had created a corporation called Lorraine Brook Associates (LBA). Arnelle Simpson was President, and Simpson’s children [...]

Popularity: 13% [?]