Tag archive for ‘repayment plan’
Do I Have Too Much Debt To File Chapter 13 Bankruptcy?
by Moderator on 8/12/10 | 0 Comment(s)
It is certainly possible to have too much disposable income to qualify for chapter 7 bankruptcy thanks to the means test. Is it also possible to have too much debt to then file for chapter 13 bankruptcy? Often referred to as a wage earner’s plan, chapter 13 bankruptcy enables individuals earning a living but hampered by excessive [...]
I should file a Ch. 13 repayment plan, because it is not really a bankruptcy right?
by John C. Colwell on 9/08/09 | 1 Comment(s)
No. There are many compelling reasons to file a Ch. 13 repayment Plan, but avoiding a Bankruptcy is not one of them. The Bankruptcy Code is divided up into Chapters, and the two most common chapters that are used are Ch. 7 ‘straight’ bankruptcy, and Ch. 13 ‘repayment’ bankruptcy. Note that both are chapters under [...]
