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.
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.
