Tag Archives: Chapter 13

Bankruptcy Chapter 13 Information

by on 11. Nov, 2009 in Chapter 13

Chapter 13 Bankruptcy is known as a reorganization bankruptcy. It is filed by individuals desiring to pay off their debts in a time frame of up to 5 years. If a debtor has non-exempt property that they wish to keep and a predictable income, this is an option. The income must be sufficient to have [...]

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Chapter 7 vs. Chapter 13 Bankruptcy?

by on 09. Nov, 2009 in Bankruptcy

Chapter 7 Bankruptcy, sometimes called a fresh start, is a liquidation proceeding for both individuals or businesses hopelessly mired in debt and possibly facing foreclosure. All non-exempt property of the debtor is turned over to the bankruptcy trustee. If there are substantial assets the trustee converts those to cash and distributes it to the debtor’s [...]

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