Chapter 13 FAQ
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Chapter 13 FAQ
What is Chapter 13 Bankruptcy? Chapter 13 is a type of consumer bankruptcy that allows a person to reorganize his or her debts. In Chapter 13, the person who files proposes a repayment to the court and, if it’s accepted, makes payments to a bankruptcy trustee for three to five years. The bankruptcy trustee makes […]
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Huge Increase in Robocalls in 2018
Many people are simply starting to answer their phones less and less, which is no surprise based on the increasing number of robocalls happening in the U.S. Reports indicate that people received about 26.3 million calls from robots in 2018, which is a whopping 46 percent higher than in 2017. These calls come in at […]
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Bankruptcy and Your Tax Refund
Many people look forward to tax season because it means they will get a tax refund. If you are planning to file Chapter 7 bankruptcy or have a pending bankruptcy case, you may wonder what will happen to your tax refund. Can you keep it? Will the bankruptcy trustee take it? The answer depends largely […]
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Statute of Limitations for Consumer Debt Collection Lawsuits
If you fail to pay a debt, you will likely receive phone calls and letters from your lender. Then, your lender may decide to file a lawsuit to obtain a judgment against you or may sell your debt to another company, which may begin its own collection efforts. Many people think they will simply have […]
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What is the Automatic Stay in Bankruptcy?
You likely know that the end goal of a consumer bankruptcy is the discharge of all of your qualified debts. However, did you know that filing bankruptcy can provide immediate stress relief, as well? When you file your petition, a court order automatically goes into effect called the “automatic stay,” which can be immediately beneficial […]
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