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.
When It’s Worth Objecting to a Proof of Claim
If a creditor's proof of claim is a "priority" or secured debt is too high, object to it to avoid paying too much in your Chapter 13 case.
“Relief from the Automatic Stay”
Creditors sometimes have grounds to ask for permission to resume or start collection action against you in spite of your bankruptcy filing.
“Credit Counseling” and “Debtor Education”
These two requirements are quite straightforward to accomplish, but can trip you up if you don't take care of them when you need to.
The Bankruptcy Chapters–Chapter 7, 9, 11, 12, 13 Cases
You file bankruptcy most likely under Chapter 7 or 13, or possibly 11. Ch. 12 is for farmers and fisherman, Ch. 9 for governmental entities.
“Priority” Wages and Benefits Owed to Employees
If you owe an employee wages or benefits, it's likely a priority debt. Same if you are owed wages or benefits. More likely to be paid.
When a Creditor Does Not Enforce its Lien in Chapter 13
When a creditor fails to enforce its lien in a Chapter 7 case, you are left exposed. Not so under Chapter 13.
A Second Mortgage “Strip” through Chapter 13
"Stripping" off a second mortgage has major immediate and long-term benefits.
Chapter 13 Benefits Directly Related to Real Estate Other than Your Home
Chapter 13 can be an effective way to keep or unload business and investment real estate.
Selling Real Estate Other than Your Home under Chapter 13
Chapter 13 is often a better way to get sell real estate, especially if you have other financial complications.
Escape Your Underwater Second Mortgage
If your second (or third) mortgage is not backed by any equity in your home, you can "strip" that mortgage off your home's title.
Keeping Your Home through Chapter 7
Chapter 7 usually lets you retain your home if you are current (or not too far behind) on your mortgage payments (& other home-based debts).
The Discharge of Debts in Bankruptcy
In your goal of getting a fresh financial start, your most important tool is the "discharge"--the permanent legal elimination of your debts.
Bankruptcy in the U.S. Constitution and Statutes
Bankruptcy is federal law. The U.S. Constitution has said so from the beginning. Find the Bankruptcy Code in Title 11 of the U.S. Code.
Bankruptcy Made Simple
Bankruptcy gives you options for taking charge of your financial life.
