Common Chapter 13 Problems and Issues • Video
Now that you’re well into your Chapter 13 bankruptcy and making your payments on time, there is still information you need to know about common Chapter 13 problems and issues that arise. You also need to know how to deal with these problems. Of course, it’s best to educate yourself as much as possible when […]
Finishing Chapter 13 Getting a Discharge
Getting Your Chapter 13 Discharge Papers After Finishing a Chapter 13 Without taking the debtor education class and filing the discharge form, you are not completing your Chapter 13 bankruptcy filing and getting a discharge. Once your plan payments are complete, the debtor has to file and request a discharge. This is not automatic. This […]
How to Calculate Chapter 13 Plan Payments • Video
Your Chapter 13 plan must calculate Chapter 13 plan payments that pay the secured and priority debts in full. The unsecured debts may be paid as low as 0%. If you properly include all your reasonable and necessary expenses this percentage is often well below 50%. We include items like 401k retirement expenses if you […]
Why Review a Chapter 13 Schedule of Allowed Claims?
About 1-2 months after your 341 or confirmation hearing in the Western District of Kentucky your attorney must file a “Schedule of Allowed Claims”. However, we always require clients to look over claims together with us in advance of this filing. Unless you look over the claims with your attorney, it’s just a list of […]
Early Discharge for Chapter 13 Bankruptcy • Video
If a Debtor makes the majority of his plan payments in the Chapter 13 plan but can not continue to make payments due to no fault of his own, he may ask for an early or hardship Chapter 13 bankruptcy discharge. The words Hardship Discharge just like inside the plan are not in the code. […]
The Financial Benefits of Chapter 13 Bankruptcy • Video
The most important benefit of Chapter 13 bankruptcy is that it allows you to catch up on a mortgage or auto loan. First, the temporary court order that stops collections is the stay. Then, the protection of the stay stops collections and lasts for 3-5 years. During that time, it allows debtors the ability to […]