Bankruptcy Blogs

Let’s talk about people on Social Security and their ability to file for Chapter 13 bankruptcy protection.  We can do a 13 for people on Social Security.  For a Chapter 13, you just have to have steady income from any source.  It could be child-support, Social Security, technically, even unemployment if it is early enough [...]

Most lawyers in the area utilize the $3500 flat fee through the length of the case option.  One other thing that I would like to do is when they’re actually ready to file a case and let’s say the plan payment is going to be $800; $800 is the amount that I think they’re going [...]

Certain tax debt has to be paid 100%, certain tax debt we can pay less than 100%.  Cars are treated a little differently too, depending upon how old they are.  So when we look at their income minus expenses, we know approximately what it’s going to take in terms of a monthly payment to get [...]

Chapter 13 will only succeed if you have the ability to repay.  So, just like we calculate the income and expenses for a Chapter 7 for Schedule I and Schedule J of the petition, we have to see as attorneys the ability to repay.  So let’s say you do an interview for somebody for Chapter [...]

You may have heard many times that the one thing that is untouchable in bankruptcy is the loan on the principal residence.  You cannot touch the mortgage, but you can cure it.  That is true for Chapter 13 and Chapter 11 but the exception is Chapter 12 where you can in fact modify the mortgage [...]