Tag Archives: Chapter 13

Frequently Asked Questions (Bankruptcy)

Frequently Asked Questions (Bankruptcy)

Posted on 12. Mar, 2009 by emmettjones.

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If most debtors had the option, they would choose to file a Chapter 7 bankruptcy as opposed to a Chapter 13.  Why isn’t that option available to everyone? Debtors that have disposable income are usually unable to file a Chapter 7 bankruptcy.  In part because the bankruptcy trustee is unwilling to let the debtor keep [...]

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Chapter 13

Chapter 13

Posted on 12. Mar, 2009 by emmettjones.

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Chapter 13 is typically known as the “reorganization” bankruptcy.  The reorganization usually applies to the debtor’s secured and unsecured debts.  In a Chapter 13, debtors are put into a plan that looks to pay back only a portion of what is owed to their unsecured creditors, while either continuing to keep current on their secured [...]

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