August 12, 2026
Chapter 13 is very powerful. With that power comes a trade off: Chapter 13 is very rigid on how it requires debts to be treated within the plan. It has been labeled as a “cookie-cutter” system. It is simply a one-way system with many types of debts and assets. This can create situations where Chapter […]
July 15, 2026
You can use a Chapter 13 case to pay your car in the plan. This can help you get up-to-date on your payments. It can also lower your payments sometimes. You must always have insurance during your case. An automobile creditor can stop a chapter 13 case if you do not have insurance. https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-13-bankruptcy-basics How […]
June 8, 2026
When you file for bankruptcy, you must present an accurate picture of your financial affairs. This includes a financial picture of your real estate. Bankruptcy requires a comparative market analysis because this is the most accurate way to show its current value. You can usually get a comparative market analysis for free by contacting a […]
April 14, 2026
Chapter 7 is an extremely powerful way of dealing with debt. Can it shut down a divorce settlement agreement? Generally, the answer is “no.” However, Chapter 7 can sometimes shut down or prevent the execution of some property settlement agreements. The Discharge May not Apply to Such Agreements The discharge in Chapter 7 has been […]
March 17, 2026
It is generally safe to not pay student loans during Chapter 13. You can always attempt to stop paying student loans during Chapter 13. It usually works because the student loan companies keep their loans in the protected Chapter 13 status. They will not usually attempt collection. Although it is generally “safe” to try to […]
February 11, 2026
Chapter 7 is very powerful. Officially at least, Chapter 7 still cannot stop fraud claims. This is due to an “exception” to discharge that protects against getting rid of fraud claims. However, with prompt timing and planning, Chapter 7 may be able to stop a fraud claim from materializing in some situations. In other cases, […]
January 13, 2026
Chapter 13 is a powerful tool for reorganizing debt. Can Chapter 13 stop high student loan payments? Generally, the answer is yes. Chapter 13 can be a powerful tool for either stopping or suspending high student loans payments. Chapter 13 Consolidates Debt Payments The purpose of Chapter 13 is to consolidate (put into one payment) […]
December 16, 2025
With millions of Gen Z adults entering into the job market and adult financial life, Gen Z bankruptcies have been on the rise. Gen Z bankruptcies had risen by 17% in just the back in of the first two quarters of 2024. This sudden shift in Gen Z filings leaves people wondering the causes behind […]
November 12, 2025
If you plan to file bankruptcy, understanding bank response to bankruptcy filings is essential. Many people think that filing bankruptcy will ruin their ability to keep bank accounts at all. They also believe they will ruin their opportunity for financing future purchases. However, filing a chapter 7 does not always result in a negative reaction […]
October 20, 2025
Interest rate payouts over a lifetime can add up to surprising amounts. Want a new car, a new bike, maybe even a new house? You can get that all right now by pulling out a loan with interest. It feels as if you can get what you want now and not really lose that much […]
