September 16, 2026
Too Much Equity in a Home Can Make...
Having too much equity in your home can prevent you from safely filing Chapter 7. When this happens, Chapter 13 is always available to file to allow you to keep your home. Sometimes the numbers do not “add up” however. This creates a situation where too much equity in a home can make Chapter 13 […]
August 12, 2026
When Chapter 13 Payments Become Impossible to Pay
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
Chapter 13 No Insurance: Can a Creditor Stop...
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
Why does bankruptcy require a Comparative Market Analysis?
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
Can Chapter 7 Shut Down a Divorce Property...
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
Is it Safe to Not Pay Student Loans...
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
Will Chapter 7 Stop a Fraud Claim?
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
Can Chapter 13 Stop High Student Loan Payments?
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
Gen Z Bankruptcies on the Rise
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
How Do Banks Respond to Bankruptcy Filings?
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 […]
