Blog

05 Mar Can I File Chapter 13 if I am Self Employed?

Can you file a Chapter 13 debt consolidation case if you are self employed? Yes, you can but expect the process to be more difficult, burdensome and expensive than it would be if you are a salaried employee. Chapter 13 works best when your income and expenses are steady and consistent. When you file Chapter 13 you will be proposing a repayment plan to the bankruptcy judge. Your plan modifies the rights of your creditors and it must meet all the requirements of the bankruptcy code. When you file your case, a Chapter 13 trustee will be assigned to verify the information you submit and to investigate your plan to make sure that you are contributing all of your disposable income into the plan. Your creditors will get notice of your plan and they will review it for possible objections as well. If you are a salaried employee, your income is what it is and your expenses are usually consistent month to month. When you are self employed, however, your income may go up and down, and your expenses may also vary.
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07 Jan GasBuddy = Gas Savings

Now more than ever clients and ordinary people are trying to save money any way they can.  People will seek out obvious ways to save such as eliminating eating out or for me, stop coffee purchases. But what about looking for not so obvious ways to save money? Gas is one of those necessary expenses we think we have no control over the price we pay. But, that may not be true.
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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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