Does Chapter 13 Mean Paying All Creditors Back? It Could Be Zero to Unsecured Claims!
A 13 bankruptcy repayment plan does not necessarily mean that you must repay your debts in full. Don’t be scared off by a chapter 13 bankruptcy payment plan. It does not mean you have to pay everyone back in full with interest. After all, if you could afford to pay everyone back, you would not […]
Should You Buy a Car Prior to Filing Chapter 13?
You may want to consider buying a car prior to filing your Chapter 13 bankruptcy case. Filing bankruptcy isn’t a matter of going to your bankruptcy lawyer’s office, plunking your money down, and signing a few documents. It involves planning. First, there’s the obvious need to determine what chapter you should file under-typically 7 or […]
Can I Discharge Payday Loans in My Bankruptcy?
Payday loans can be dangerous forms of credit. Interest rates are astronomically high (according to an FDIC advisory, between 300 and 1000 percent when calculated annually), a significant number of payday loan customers take out multiple loans per year, and it’s difficult to determine a legitimate company from a fly-by-night business front. Many customers get […]