People who struggle with insurmountable debt may want to consider Chapter 13 bankruptcy. However, with the benefits gained from filing for Chapter 13 comes severe restrictions. Thousands of people every year accomplish debt relief. According to the United States...
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Bankruptcy
What makes a Chapter 13 repayment plan work?
The repayment plan is the main feature of Chapter 13 bankruptcy. Instead of liquidating your major assets (as Chapter 7 bankruptcy does), you will spend the next three to five years making payments according to a specific plan. Once that plan reaches its conclusion,...
Identifying creditor harassment
If you fall behind on paying your bills, creditors will understandably try to contact you so you can pay. However, if the phone calls and mailed letters become excessive, then the creditors’ actions may border actual harassment. If you sense that the contact evolved...
Personal bankruptcy may be less scary than you think
The word “bankruptcy” can conjure all kinds of dark and foreboding thoughts — loss of assets, destruction of credit, loss of credibility and more. But is it really as gloomy as the stigma might have you believe? Not necessarily. Over a five-year span, ending December...
