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Chapter 13 Bankruptcy

What are the Qualifications for Chapter 13 Bankruptcy?

Chapter 13 is commonly referred to as a “wage earner” or “restructuring” bankruptcy. Debtors are permitted to reorganize their financial obligations, paying some debts through a three to five-month bankruptcy plan and potentially discharging some. While many people are eligible to file a Chapter 13 case, some requirements must be met. A potential filer must be eighteen years or older…

Can I Go On Vacation While In Chapter 13 Bankruptcy In California?

For many California residents, filing for bankruptcy is a lifesaver. When someone eliminates most of their debt through Chapter 7 or reorganizes their debt, while maybe saving their home, by filing for Chapter 13, they remove a significant financial burden. However, bankruptcy is not a “get out of jail” free card. In the case of Chapter 7, a person must…

Will I Lose My Owned Rental Properties if I File for Bankruptcy in California?

People file for bankruptcy for many different reasons in California, under many different circumstances. In some instances, the trustee and court will review a bankruptcy with more scrutiny because the debtor has additional real estate besides their home. If you own investment or rental properties, it might be challenging to protect them in bankruptcy. The Bankruptcy Group wants our clients…