Chapter 13 Bankruptcy

341 Meeting Understanding the Process

07/31/12

Bankruptcy is a complex solution to a complex problem. It can be an intricate process,especially when it comes to Chapter 7 bankruptcy. One aspect of that process is the 341 Meeting. While its name may sound like legal gobbledygook, its purpose in the bankruptcy process is vital. The Purpose of a 341 Meeting The 341 [...]

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A Guide to Surviving Foreclosure

07/31/12

For too many Americans, the word “foreclosure”  or ” surviving forclosure” symbolizes a feeling of powerlessness that has defined the nation’s economic climate for the past several years. If you are looking at your financial situation and fear that a foreclosure may be on the horizon, it’s time to arm yourself with knowledge now. Negotiate [...]

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Show Me the Note !

07/26/12

The Chapter 13 Trustee for the Middle District of Tennessee (Nashville) is being sued by Bank of America for forcing the mortgage company to produce the underlying note to mortgages, or face being treated as an unsecured creditor in the bankruptcy pot or plan. Nashville Business Journal has the story here. This case will be interesting [...]

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Chapter 13 Bankruptcy Plan Payments Can be Lowered if Your Income Decreases

06/26/12

When a Chapter 13 bankruptcy plan gets confirmed by the Bankruptcy Court, the monthly payments you are supposed to pay to the trustee are set by the confirmation order. But they are not always set in stone.

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Friends & Family Cosigned For You? A Bankruptcy Trap for the Unwary.

06/25/12

Having a co-signer is a good way to get more credit.  It’s a special issue when you are filing bankruptcy, though.  There are a lot of ways to address these debts but you have to be careful.

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Bankruptcy Second Opinion: Why Chapter 13?

06/16/12

Two people in Chapter 13 bankruptcy plans came to see me this past week for a second opinion.  I told both that for them, Chapter 7 bankruptcy was better.

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