Bankruptcy Basics

07 Dec Resistance is Futile… Or so the Creditors Think.

Resistance is Futile.The holiday season has rolled around once again and regardless of whether you are in bankruptcy, this season tends to be a season of stress instead of joy. Americans continue to focus on purchases geared towards their wants instead of their needs. This pattern of spending is exactly what creditors prey on to increase their profits.  They spend money designing advertising to convince you through guilt that you really can afford to spend thousands of dollars for unnecessary Christmas gifts.  The creditors do not care you are struggling to keep a roof over your head, pay your student loans,  and put food on the table all while continuing to pay for your health insurance.   The sole goal of the creditor this holiday season is to increase their money by taking yours.
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06 Dec Your Chapter 13 Is Filed, You Still Have Work To Do

debtors duties after filing Chapter 13Much has been written on this site and others about the information you need to gather to help your lawyer prepare your Chapter 13 case. You have also learned about mistakes to avoid during the weeks and months prior to your Chapter 13 filing. Now your attorney has "pressed the button" and your case has been filed. A case number has been issued and the immediate crisis has passed. The repo agent is no longer circling the block, the foreclosure has been called off and the harassing phone calls have stopped. But now is not the time to relax because the Bankruptcy Code sets out numerous steps that you and your lawyer have to take to prepare your case for confirmation (a formal approval by the judge) of your Chapter 13 plan. Here is a checklist of tasks that you must undertake to help your lawyer get your case ready for confirmation:
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