Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit...

Ordinarily, a couple with financial problems could simply file bankruptcy and get a financial fresh start. But a couple contemplating divorce should first consider how filing bankruptcy could affect their divorce and vice versa. The timing of filing bankruptcy and...

Do you receive Social Security Disability (SSDI) benefits and feel by debt? You are not alone. Many of those receiving SSDI benefits find themselves overwhelmed by debt. Have you thought about filing bankruptcy but do not know how filing may affect your benefits? The...

According to the latest statistics, almost 45 million Americans owe an estimated $1.75 trillion in student loans. They took out these loans in good faith to help them pursue a college degree and secure a better future for themselves and their families. However, many...

For most people, a car is a necessity. You use it to get to work, take the kids to school, and run errands. When something happens that causes you to fall behind on your car payments, it can feel like the weight of the world is on your shoulders. You may wonder if...

Those who file bankruptcy often fear their credit will be too damaged to qualify for a home mortgage before the bankruptcy comes off their credit report in 7 to 10 years. The truth is that most who file bankruptcy can rebuild their credit within just a few years and...

When you purchased your new home, you probably never dreamed of it becoming a heavy financial burden. A burden that weighs upon you each month as you struggle to make the mortgage payments that will keep you in your home. To add to that stressor, you know your...

Are you behind on your bills and keep receiving collection letters and phone calls from debt collectors? The debt collectors will only keep contacting you for so long without payment. Their next likely step will be filing a lawsuit against you to collect what you owe....

Having a vehicle can be a very important part of maintaining your daily life. You may need it to get to your job, carpool your kids, get to the store, doctor, church, etc. But, owning a vehicle can be costly. Monthly payments could take up a significant portion of...

A beneficial aspect of Chapter 13 bankruptcy is the ability to “cramdown” certain secured loans. A cramdown could lower the principal balance and interest rate you may owe on a loan. It could save you money and help keep your property. Read on to understand which of...