September 16, 2020
Chapter 13 Bankruptcy Job Loss
What happens if I lose my job in Chapter 13? Did you lose your job in Chapter 13? You may have way more options than you may think. If you have lost your job in Chapter 13, you may be able to continue your Chapter 13 case or even pursue better options. You can modify […]
September 2, 2020
Motion to Dismiss in Chapter 13
Motion to Dismiss in Chapter 13 – What does this mean? Are you facing a Motion to Dismiss in Chapter 13? What does it mean? A Motion to Dismiss in Chapter 13 is simply the trustee requesting your case to closed and ended. These Motions are usually filed because the payments on your case are […]
August 19, 2020
Boats and Bankruptcy
Boats & Bankruptcy: Can I Keep My Boat in Bankruptcy? A lot of people have asked the boats and bankruptcy question over the years. You can usually keep your boat during your bankruptcy case. Boats, however, are usually considered non-essential items in bankruptcy. Because they are considered non-essential in bankruptcy, certain factors may play into […]
August 12, 2020
Confirmation Hearing and Trustee Objections in Chapter 13
Confirmation Hearing and Trustee Objections in Chapter 13 Bankruptcy – What does it mean? You have a Confirmation hearing in Chapter 13. The trustee is objecting to your plan. What is it – this Confirmation hearing? Does this mean that the Chapter 13 trustee is rejecting your case? Actually, quite the opposite is usually true. […]
August 5, 2020
How Do I Get A New Car in...
How Do I Get a New Car in Chapter 13 Bankruptcy? Is your old car in your Chapter 13 case meeting an untimely end? The good news is that you can usually buy a new car during your Chapter 13. How do you get a new (or used) car in Chapter 13? You just need […]
August 3, 2020
Determining Chapter 13 Payment Amount
How to Determine Your Chapter 13 Payment Amount – What Factors to Consider What exactly determines how much will be the amount of your Chapter 13 payment? Your chapter 13 payment amount is calculated by three factors. These three factors are your income, your assets, and the amount of debt that you are proposing to […]
July 9, 2020
Should I Withdraw Money from my 401k During...
Expenses have remained high during COVID-19. Car and house payments are behind for many people who are facing reduced income. Should you withdraw money from your 401k during COVID-19? Generally, you should not withdraw from your 401k, but it may be wise for certain situations. COVID-19 is an Economic Hardship that Allows 401k Withdraw […]
May 25, 2020
Credit Card – Reduced Limit
Has Your Credit Card Company Reduced Your Credit Limit? Your credit card company has reduced your credit limit. This quickly puts you in a difficult position. This credit reduction can damage your credit. It can also render your credit card useless for further charges. Your Credit Score Has Already Gone Down If your credit card […]
May 18, 2020
COVID-19 Rent and Mortgage Payments
During the COVID-19 pandemic, rent and mortgage payments immediately began to go into default. Job loss and other interruptions pushed default rates to new levels. These housing defaults will play out in a way that may cause record amounts of bankruptcy within the next year. Rent and Mortgage Payments Will Not Be Forgiven A growing […]
May 12, 2020
COVID-19 Indianapolis Bankruptcy
COVID-19 PREDICTED TO CAUSE NEW WAVE OF INDIANAPOLIS BANKRUPTCY COVID-19 is predicted to cause a new wave of Indianapolis bankruptcy cases. Consumer debt loads were already reaching record highs. Indianapolis, now facing COVID-19 job interruptions, will likely see large defaults in debt repayment. A new wave of bankruptcy will likely follow. CONSUMER DEBT RECORDS MEET […]
