Chapter 13 bankruptcy, also known as the wage earner’s plan, is a debt relief option available to debtors who don’t qualify for a Chapter 7 bankruptcy or want to be able to keep their home and car in bankruptcy. It’s the bankruptcy option for individuals whose main issue is not a lack of income, but meeting the demands of the [...]
When should you use a personal loan to consolidate credit card debt? My knee jerk reaction and response to the question is always: NEVER! But then I take a step back. In some circumstances it may be the best choice. You really have to consider all the facts and the individual’s specific circumstances. Terms of Debt Usually, the lender for [...]
These are stressful and frightening times for all of us. I am receiving many calls about Chapter 13 cases during the COVID-19 crisis. Therefore, I am providing this update should you have a Chapter 13 case in progress or pending. The Court and Chapter 13 Trustees are finding ways to keep everyone’s Chapter 13 cases afloat through this crisis. However, [...]
