What is the Chapter 13 Repayment Plan?

When someone files for bankruptcy, a Repayment Plan must be filed within 15 days of the filing of the bankruptcy petition. The Repayment Plan provides for regular fixed payments to a bankruptcy trustee, who... Read more... What is the Chapter 13 Repayment Plan?

What is the Chapter 7 Bankruptcy Means Test, and How is the Test Applied?

A series of deductions is then subtracted from the debtor’s monthly income to determine disposable income.  These deductions include taxes, clothing, food, housing, transportation utilities, insurance, medical bills, reasonable recreation, charitable contributions, etc.  However... Read More... What is the Chapter 7 Bankruptcy Means Test, and How is the Test Applied?

How Can I Save My Financed or Leased Car in a Chapter 7 Consumer Bankruptcy?

Most consumers facing bankruptcy worry that they will lose the car. From losing the car, worries stretch to losing jobs, and being unable to care for their family. These fears are understandable, but usually are put to rest with a good...Read More... How Can I Save My Financed or Leased Car in a Chapter 7 Consumer Bankruptcy?