By Jeff Field | Published November 30, 2022 | Posted in Chapter 13 | Tagged Tags: repayment plan, sole proprietorship, unsecured debt | Leave a comment
Using Chapter 13 to Reorganize Your Business Debts
People having serious debt problems may be able to reorganize their financial affairs using Chapter 13 bankruptcy. Chapter 13 allows a qualified debtor to restructure debts and repay some of the outstanding balances over a set period of years. Only an individual can file Chapter 13 bankruptcy. Businesses must resolve their debt problems by other Read More
Read More
What Happens to Assets You Receive While Going Through Chapter 13?
A Chapter 13 bankruptcy allows you to reorganize your debts and partially pay them off according to a court-approved plan, which can last three to five years. That plan is based on your assets and projected monthly income and how much of those resources you can devote to debt repayment. But what if you receive Read More
Read More
Using Chapter 13 Lien Stripping to Reduce Secured Debt
One of the chief benefits of a Chapter 13 bankruptcy is the ability to shield your home from mortgage foreclosure. But what if you have a second or third mortgage or a home equity lien on the same property? Through a process known as lien stripping, you may be able to reduce or eliminate those Read More
Read More
How Are Chapter 13 Plans Structured and How Are Payments Calculated?
If you’re experiencing burdensome debt but are skittish about declaring bankruptcy, Chapter 13 is an alternative that may be right for you. Unlike a Chapter 7 bankruptcy — in which many of your debts may be discharged but at the cost of losing much of your property — Chapter 13 allows you to pay off Read More
Read More
-
5.0/5.0Jeff Fields and staff made the bankruptcy exp. Worth doing thanks for your service.
-
5.0/5.0
Hands down I’ll definitely recommend everybody here if they are filing for bankruptcy. I just wanna thank y’all for everything yall did for me.
-
5.0/5.0
Jeff and Chase were great to work with. I was able to get answers to financial questions that I had. Service was quick and stress free! I would recommend them to anyone that needs help with their financial situation.
-
5.0/5.0
What can I say??? This process was smooth as ever. I spoke with an attorney in December just to get information on how the process works he explained and went over every question I could think of. We spoke again in March and got the process started a...
-
5.0/5.0
**Real review** I was extremely nervous filing a chapter 7 and going the bankruptcy route. You hear so many negative stories regarding following bankruptcy. However, I can honestly say this was the best decision I've made for my financial situation. ...
Please fill out the form below and one of our attorneys will contact you.
