In the previous installment of our series “Basics of Bankruptcy,” we discussed some of the reasons to file a Chapter 13 bankruptcy rather than Chapter 7 as they relate to mortgages. This post looks at reasons why Chapter 13 might be the better choice for personal bankruptcy than Chapter 7 in relationship to cars and […]
Archives for October 2013
Mortgages: Basics of Bankruptcy – Chapter 13 vs. Chapter 7 – Part 2
In the previous installment of our “Basics of Bankruptcy” series, we discussed some of the reasons to file a Chapter 13 bankruptcy vs. Chapter 7 based on income and assets. This post looks at reasons, specifically in relationship to mortgages, why Chapter 13 might be the better personal bankruptcy choice for you (the debtor) than […]
Income & Assets: Basics of Bankruptcy – Chapter 13 vs. Chapter 7 – Part 1
In this second installment of our series “Basics of Bankruptcy,” we discuss reasons to file a Chapter 13 bankruptcy rather than the less complex Chapter 7 bankruptcy. WHY FILE CHAPTER 13 ANYWAY? When considering to file bankruptcy, the first decision that probably should be made is whether you should file either a Chapter 7 or […]
Basics of Bankruptcy: Introduction to Chapter 7 and Chapter 13
This series of posts discusses the basics of Chapter 7 and Chapter 13 bankruptcies and why one should be selected over the other. Why Choose Bankruptcy? The goal under any chapter of bankruptcy (at least as far as Congress is concerned) is to try and generate funds to distribute to the unsecured creditors and, in […]