Category Archives: Chapter 13 Bankruptcy
Increase In Chapter 13 Bankruptcy Limits
A newly signed bankruptcy law will increase Chapter 13 bankruptcy debt limits to a combined amount of $2,750,000 in secured and unsecured debt. If you are planning to file for Chapter 13 bankruptcy, it is important to know about the law, when it will expire, and what the increased debt limits could mean for… Read More »
Is Filing For Chapter 13 Bankruptcy Right For Me?
If you are currently considering personal bankruptcy, you are likely exploring your options for filing for bankruptcy in addition to other debt-relief possibilities. Once you have learned more about Chapter 13 bankruptcy, you may be wondering: is filing for Chapter 13 bankruptcy right for me? Chapter 13 bankruptcy can benefit many kinds of debtors… Read More »
How Do Exemptions Work In A Chapter 13 Bankruptcy Case?
If you are thinking about filing for Chapter 13 bankruptcy, you may know that you will not need to worry about your assets being liquidated as you would in a Chapter 7 bankruptcy case. To be sure, under the U.S. Bankruptcy Code, a debtor’s assets are not subject to liquidation in a reorganization bankruptcy… Read More »
Hardship Discharges In Chapter 13 Bankruptcy Cases
When a debtor in South Florida files for Chapter 13 bankruptcy, that debtor enters into a repayment plan agreement that usually lasts for a period of between three and five years. During that lengthy period, the debtor will make monthly payments that go toward repaying debt to creditors based on the value of non-exempt… Read More »
National Association Of Chapter 13 Trustees Supports Proposed Bankruptcy Legislation
Newly proposed bankruptcy legislation would make it easier for debtors to seek bankruptcy protection and to be eligible for Chapter 13 bankruptcy. That proposed legislation, known as the Bankruptcy Threshold Adjustment and Technical Corrections Act (Senate Bill 3823), recently received support from the National Association of Chapter 13 Trustees (NACTT), according to an article… Read More »
Benefits And Limitations Of Chapter 13 Bankruptcy
If you are thinking about filing for Chapter 13 bankruptcy, it is important to understand the various ways in which Chapter 13 bankruptcy can be beneficial to consumers, and the ways in which it can also have disadvantages. Before you make any decisions about filing for Chapter 13 bankruptcy or any type of bankruptcy,… Read More »
The Debt Limit For Chapter 13 Has Been Raised To $2.75 Million
The debt limit for Chapter 13 has been raised to $2.75 million under the Bankruptcy Threshold Adjustment and Technical Corrections Act., effective June 21st. Section 109(e) now reads “[o]nly an individual with regular income that owes, on the date of the filing of the petition, non-contingent, liquidated debts of less than $2,750,000 or an… Read More »
The Ups and Downs of Chapter 13 Bankruptcy in Florida
Making the decision to file for bankruptcy isn’t easy, but for many people it may be the only solution to their debt problems. One option for many Florida residents who find themselves in very poor financial situations due to debt is filing for Chapter 13 bankruptcy. With the help of an experienced West Palm… Read More »
