Tag Archives: Debt

Should a Chapter 7 Debtor Sign a Reaffirmation Agreement?

March 14, 2014

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When you file a Chapter 7 bankruptcy, your secured creditors may ask you to sign a document called a reaffirmation agreement. A reaffirmation agreement is essentially a new contract which provides that the debtor agrees to pay all or a portion of the debt owed to the creditor, despite the bankruptcy filing. In other words, […]

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How Chapter 7 Bankruptcy Can Help You

February 4, 2014

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Hopefully you have read our blog titled “Reasons To File a Chapter 13 bankruptcy” and you understand the many advantages of filing a Chapter 13 bankruptcy. This blog will focus on the many benefits of a Chapter 7 case, including: • Quicker results.  In comparison to a Chapter 13, which lasts 3 to 5 years, […]

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Is Your Chapter 13 Plan Feasible (can you afford it)?

January 31, 2014

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When you file a Chapter 13 bankruptcy, you will submit a plan of repayment for the court’s approval. The plan will set forth what your creditors will be paid over a period of three to five years. Once the court confirms (approves) your plan, you will make monthly payments to the trustee who distributes the […]

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Reasons To File a Chapter 13 bankruptcy

January 15, 2014

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Many people are aware of the numerous benefits a Chapter 7 bankruptcy can offer, but few actually understand the advantages of a Chapter 13. In most cases, a Chapter 13 offers you more flexibility and the following benefits: ·         Consolidation of debts.  The Chapter 13 bankruptcy process focuses on reorganizing your debt. You create a […]

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