Loan modifications When mortgage loans are modified, the delinquent payments are normally added to the loan amount. The payment is then...

Pay 100% of all claims The first way to get out of Chapter 13 bankruptcy early is to pay off all the claims against you. This includes...

You must propose a repayment plan Your debts are repaid per the terms of a plan proposed to the court and approved by the judge in your...

Chapter 7 vs. Chapter 13 Chapter 7 involves liquidating assets to pay creditors. That means debts that are not exempt are sold to cover...

Can bankruptcy affect your estate planning? Yes. Whether you file for Chapter 7, Chapter 11 or Chapter 13, there are ways in which...

Why Chapter 11 or 13? Some types of bankruptcy, such as Chapter 7, require debtors to turn over their assets to the bankruptcy trustee...

Treatment of existing tax payment plan in Chapter 13 Sometimes when people file for Chapter 13 bankruptcy protection, they already have a...

Non-dischargeable debt Debts like student loans, taxes, money borrowed on a credit card to pay those taxes, child support and alimony are...

Prior tax records When filing for Chapter 13 bankruptcy, you'll need to turn over prior tax records. Filers must submit the four years of...

Asset evaluation and exemptions Individuals who earn above the median income in California are required to file a Chapter 13 bankruptcy...

The Chapter 13 repayment plan The court does not create the repayment plan on its own. Rather, the debtor devises a three to five-year...