The Option of Converting Your Chapter 13 Case into a Chapter 7 One
When deciding between Chapter 7 and 13, if you choose a Chapter 13 payment plan realize that converting later to Chapter 7 is an option.
Your Voluntary Dismissal of a Chapter 13 Case
The Bankruptcy Code explicitly says that, at the request of the person in a Chapter 13 case, the bankruptcy "court shall dismiss" the case.
Plan Modification After It’s Court-Approved
It's good to know that your Chapter 13 payment plan can be changed during the 3 to 5 years the case lasts to address changing circumstances.
Plan Modification Before It’s Approved
Sometime you and your lawyer don't know everything you need to know to put together a perfect Chapter 13 plan. So then you can modify it.
Chapter 13 Plan Modification
Before committing to a Chapter 13 "adjustment of debts" it's good to know that its plan can likely be "modified" if your situation changes.
Catching up on Your Mortgage on Your Terms
If you've fallen behind on your mortgage, it's very hard to catch up. It may even seem impossible. Chapter 13 makes it possible.
Using the Co-Debtor Stay of Chapter 13
If protecting your co-debtor from having to pay your debt is a high priority, Chapter 13 has a remarkable tool for doing that.
Treatment of Different Types of Creditors in Chapter 13
The laws about the treatment of different types of creditors can often be used in your favor to pay who you want or need to pay.
The Chapter 13 Plan
Chapter 13 revolves around your payment plan, which you propose based on your budget, and possibly negotiate with creditors and the trustee.
The Chapter 7 Means Test
You have to pass the means test to qualify for a Chapter 7 case. It's often an easy test to pass but one with some crucial twists and turns.
5 Things to Know to Protect Your Property through Exemptions
Most of the time you get to keep everything you own when you file bankruptcy. It's all covered by property exemptions. But not always.
Preventing Avoidance of Fraudulent Transfers through Chapter 13
Overall, Chapter 13 can be more powerful and more flexible than Chapter 7. That often also applies to a fraudulent transfer.
What If I’m Too Far Behind on My Rent?
In a Chapter 13 "adjustment of debts" you have much more time to get current on your residential lease agreement than under Chapter 7.
Statutory Liens in Chapter 13
Chapter 7 provides limited help if your home is encumbered by a statutory lien. Instead Chapter 13 may significantly reduce what you pay.
Turning Friday the 13th Bad Luck into Good
Sometimes life simply dishes out some bad luck. A bad car accident. A serious illness. Bankruptcy turns these lemons of life into lemonade.