Chapter 13 Bankruptcy Tag

06 Oct Why I will be Rude to You After You File Chapter 13

I like my clients. I find bankruptcy work rewarding because I can offer positive change to the lives of honest, hardworking people who have an immediate financial problem. However, I can be an absolute pain in the rear end to my Chapter 13 clients after we file and during the two to four month period of time prior to the plan confirmation hearing. Why does this disconnect exist? Why would you want to hire a lawyer who will be demanding and abrupt? The answer is simple - if you want your Chapter 13 to work, you and I have a lot of work to do after we file but many Chapter 13 debtors do not realize this. It is tempting to think that your problem has been solved the minute we file your Chapter 13 case. The immediate pressure of foreclosure, repossession, wage garnishment and lawsuits is gone and all adverse creditor action stops. The phone stops ringing and the collection letters dwindle. The first court hearing - your meeting of creditors - won’t occur for 30 to 45 days so it is only natural that you will enjoy the quiet.
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19 May Why I Prefer Chapter 7 Bankruptcy to Chapter 13 Debt Consolidation

Most folks considering bankruptcy will consider two options - Chapter 7 and Chapter 13. Sometimes, you have the option of choosing either type of bankruptcy, whereas in other situations you would only be eligible to file either a Chapter 7 or a Chapter 13. When I meet with a client, I always start with the question of how can I fit this person into Chapter 7. It is not always possible, but, in my experience my Chapter 7 just works better - my clients get their discharge that wipes out debt completely, their cases are over in about 5 months, credit rebuilding can start within a year and the cost of bankruptcy is about 25% of the cost of Chapter 13.
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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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06 Jun How Chapter 13 Stops a Pending Mortgage Foreclosure

Chapter 13 is widely known as the fastest and most effective legal action you can use to stop a foreclosure - even a foreclosure scheduled for the next few days. In this video, I explain how Chapter 13 works and why you can feel confident that your Chapter 13 filing will not only stop a pending foreclosure, but it will provide a method by which you can catch up your missed mortgage payments over the next 5 years.
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