Qualifying for the Tremendous Tools of Chapter 13
You may want the fast fresh start of a Chapter 7 case, but sometimes your circumstances scream out for a Chapter 13 instead. It’s true—for some people Chapter 13 provides some tremendous tools not available under Chapter 7. Now all you have to do is qualify for it. Qualifying for Chapter 13 is completely […]
Debts for Recent “Luxury Goods or Services” and Cash Advances
What is the “presumption” that certain credit card purchases and cash advances will not be discharged in bankruptcy?
Five Truths about Qualifying for Chapter 7 Bankruptcy
Not everyone who wants to file a Chapter 7 “straight bankruptcy” can do so. But most do. There is probably no topic that causes more confusion among people thinking about filing bankruptcy –do they qualify? Let me set the story straight. 1. Inaccurate publicity: People think it’s difficult to qualify for filing bankruptcy because of […]
How Come My Attorney Cannot Always Tell me Which of My Debts Will be Discharged under Chapter 7?
Most of the time your attorney will know which debts will be legally written off in your bankruptcy. But not always, for two reasons.
What’s Different about the Discharge of Your Debts under Chapter 13?
Here’s the good news/bad news about the discharge of debts in a Chapter 13 payment plan compared to the discharge you get in a straight Chapter 7 case.
Chapter 7 vs. 13—the Easy Choice, and the Not So Easy
Picking the right Chapter to file can be simple, or it can be a very delicate, difficult choice. And appearances can be deceiving. A situation that seems at first to call out for an obvious choice can turn out to have a twist or two that turns the case upside down. That twist can […]
Here’s What You Need to Know about the Discharge of Your Debts under Chapter 7
The point of filing bankruptcy is to get relief from your debts. So, when and how DO those debts get “discharged”–legally written off–in a regular Chapter 7 bankruptcy?
Luxury Sales—Some Very Tangible Evidence of the Widening Income Gap
Rich Americans are buying again. The rest of us—not so much. The difference between the sales figures at luxury stores versus middle- and low-end ones is stark evidence showing who has been coming out of the Great Recession doing pretty well and those who have not. An article in the business section of the New […]
A Combination of Chapter 13 Tools for Saving Your Home, Illustrated
It’s often the combination of tools that come with Chapter 13 that allows you to keep your home. Because Chapter 7 has only some of these tools, sometimes it can’t do nearly as much for your home as Chapter 13 can.
The Power of Chapter 13 to Save Your Home, Brought to Life
A mere list of the many ways that Chapter 13 can help save a home can start sounding dry. So here’s a powerful example that shows off some of its extraordinary advantages.