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A Chapter 13 bankruptcy affords a debtor the opportunity to cram down certain secured debts to their actual value, not merely the principal balance owed. This concept essentially takes the principal balance owed on a secured debt that is "underwater" and reduces the secured ...
Read MoreThe idea of going to court can bring trepidation to even the calmest individuals. This is especially true in bankruptcy situations, where financial ...
View MoreAccording to a story published in the Chicago Tribune on November 13, 2013, Chicago-area foreclosure filings rose nearly 30% in October 2013. This ...
View MoreAs you may know, it is far too easy to fall behind on your credit card bills. After paying the minimum each month, expecting to slowly chip away at ...
View MoreWhen someone files for bankruptcy , their case is assigned to an interim trustee who handles the administering of the case from the onset to ...
View MoreYou can call this the age of the student loan. In recent months, the total amount of outstanding student loan debt surpassed 1 Trillion dollars. ...
View MoreBankruptcy deals, in large part, with assets. Before each Chapter 7 and Chapter 13 case, there is a determination of what assets the debtor has. In ...
View MoreOne of the more common questions debtors encounter is what to do when they discover a bill that was incurred before they filed their case, but their ...
View MoreWith the advent of the income median level and the means test, debtors who previously might have been able to file a Chapter 7 bankruptcy have been ...
View MoreObviously, the goal in any bankruptcy filing is to make it the only one you file. That's the reason that filing for bankruptcy can also be referred to ...
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