Tag archive for ‘Chapter 13 Bankruptcy’
Chapter 13: Making the Plan Work
by Drew Broaddus on 10/02/09 | 0 Comment(s)
A Chapter 13 Bankruptcy is also called a wage earner’s Plan . It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the Debtor ’s current monthly income Read more>>
How Can Bankruptcy Help Me Keep My Home, Stop Foreclosure and Modify my Mortgage?
by Lori Patton on 9/16/09 | 1 Comment(s)
So many homes in Florida are now worth less than their mortgages. Most folks that come to see me have a first and a second mortgage, or a mortgage and a Home Equity Line of Credit (HELOC) that together exceed the value of their home, preventing them from refinancing and choking their household budget. They Read more>>
9th Circuit Chapter 13 Plan Length
by Jay Jump on 9/15/09 | 0 Comment(s)
Chapter 13 plans are based in part in reality and in part – fantasy. In all consumer Bankruptcy petitions, there is a test called a ‘means test.’ This test determines whether you will be in a Chapter 13 or a Chapter 7.
In Chapter 13, if you are above the median income in Read more>>
What Are The Advantages Of Filing Chapter 13 Bankruptcy?
by John O'Connor on 5/06/09 | 0 Comment(s)
President Obama campaigned on bankruptcy reform, promising to push legislation that would allow homeowners to modify their mortgages through a chapter 13 bankruptcy and avoid foreclosure. The measure was recently voted down in the Senate. Are there still advantages to filing for chapter 13 bankruptcy? Yes. Chapter 13 is still an excellent solution for homeowners Read more>>
Cramdown/Mortgage Modification Legislation Has Problems in Senate
by Jeff Herrick on 4/29/09 | 0 Comment(s)
A legislative proposal (S.61) that would allow Bankruptcy judges to modify first mortgage debt in certain bankruptcy cases appears to be losing momentum in the U.S. Senate. The so-called “Cramdown” legislation, which passed a key vote in the House of Representatives in early March, has been facing more opposition in the Senate and Read more>>
