What Does A Chapter 13 Bankruptcy Plan Look Like?

Chapter 13 bankruptcy is a process that's designed to provide financial room and time for a debtor to get their situation under control. You and your attorney, though, will be required to file a plan that explains to the court and your creditors how you intend to accomplish this. Let's take a look at four key details that are required in a plan. Information About Ongoing Expenses The biggest concern a judge will have about your plan is whether you're actually going to be able to honor it.

Mistakes To Avoid Before Filing For Bankruptcy

Bankruptcy is there to help you, but there are things you can do that may end up causing you to be worse off after filing your bankruptcy. Before you make any financial decisions or changes and think you will be filing for bankruptcy, consult a bankruptcy lawyer to see what your options are and what you should be doing. You could end up making mistakes and not even know it. Read on for a few of these mistakes to avoid.

3 Ways To Deal With The Garnishment Of Your Bank Account

Falling into debt can create serious problems for debtors who are unable to make regular payments. If you find yourself falling behind on some of your own payments, your bank account could be subject to garnishment by creditors seeking to collect on a debt. Since a garnished bank account can pose a serious problem when it comes to maintaining your financial stability, here are three things that you can do to deal with the garnishment of your bank account in the future.

Is It Possible To File A Reaffirmation Agreement After A Bankruptcy Discharge?

Reaffirming debts during bankruptcy is usually not a good idea, because you will continue to be legally liable for them after receiving a discharge. If you decide not to reaffirm an account with a creditor but change your mind after receiving your bankruptcy discharge, you may be wondering if it's possible to still file the paperwork to do so. It depends. Here's what you need to know. Technically, It's Possible

Struggling With Debt? 4 Tips To Help You Avoid Problems When Filing For Bankruptcy

You thought you were ready for everything after the divorce. However, you weren't expecting to lose your job. Now you're deeply in debt and you have no way to pay your bills. It looks like bankruptcy is the only way out. Before you decide to file for bankruptcy, here are a few things you'll need to know. Following the tips provided below will reduce the problems you may experience. Do Discuss Options with Your Creditors