Bankruptcy: Secured vs. Unsecured Claims

When you file bankruptcy, you will have to list all of your creditor claims in your bankruptcy paperwork. As you start your Chapter 7 or Chapter 13 bankruptcy case, you will have to separately list your secured creditor claims and your unsecured claims. Not everyone...

Can Child Support Be Included in Chapter 13 Bankruptcy?

Have you fallen behind on your child support payments? Do you now owe thousands of dollars and you’re not sure how you’ll ever get caught up? Since child support debt is not retroactive, meaning the court cannot go back and reduce what a parent owes, it can be quite...

Do I Have to Pay My Mortgage During My Chapter 13 Plan

A Chapter 7 bankruptcy cannot save a home from foreclosure, but a Chapter 13 can. In fact, one of the reasons why people choose to file a Chapter 13 over a Chapter 7 is to do just that, especially when there is equity in the home and it’s a valuable asset. What...

What Bankruptcy Can’t Do

If you’re currently in a lot of debt and you can’t see any way out, filing for bankruptcy may be the most powerful and effective tool at your disposal. Bankruptcy stops most creditors dead in their tracks. It can stop the collection calls and letters and it can stop...

Chapter 13 Bankruptcy Basics

In the United States, if someone is in a lot of debt, they may have the opportunity to file a Chapter 7 or Chapter 13 bankruptcy. Bankruptcy is a great option for debtors who simply can’t afford to pay off their debts. Bankruptcy gives debtors a fresh start by...
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