Category Archives: Chapter 13 Video

How does a Chapter 13 bankruptcy case begin?

Bankruptcy Attorney

A chapter 13 case normally begins by visiting an attorney to determine whether or not Chapter 13 might be the best solution to your financial problems. Frequently, people think they need a Chapter 13 when there are other ways to deal with their debt situations. If a Chapter 13 is the correct form of bankruptcy […]

What are the most common reasons for Chapter 13 bankruptcy?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/What are the most common reasons for Chapter 13.mp4″ width=”590″ height=”443″ thumb=”default”] The most common reason for filing a chapter 13 bankruptcy is to save your home from foreclosure. The next reason is because you don’t qualify for Chapter 7. It could be because that you have have income that is sufficient to pay […]

What should I do if I know I am going to miss a payment?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/What should I do if I know I am going to miss a payment complete.mp4″ width=”590″ height=”443″ thumb=”default”] If you’re going to miss a chapter 13 payment, you should contact your attorney immediately. Often times taking action before the payment is missed can make the difference between having a difficult time with your trustee […]

Does the IRS have to agree to my Chapter 13 plan?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/Does the IRS have to agree complete.mp4″ width=”590″ height=”443″ thumb=”default”] The IRS is not required to agree to you Chapter 13 plan. Like any other creditor, the IRS has the opportunity to object to the plan. In my experience, if the plan is properly written and the tax debt is proposed to be treated […]

What is the role of the Chapter 13 trustee in a bankruptcy?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/What is the role of the chapter 13 trustee complete.mp4″ width=”590″ height=”443″ thumb=”default”] The Chapter 13 trustee performs many functions in a consumer bankruptcy case. First, the Chapter 13 trustee will interview the consumer and the attorney and review all of the filings in the Chapter 13 case. Then, the Chapter 13 trustee will […]

What happens after the payment plan is approved?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/What happens after the payment plan is approved complete.mp4″ width=”590″ height=”443″ thumb=”default”] Once the Chapter 13 payment plan is approved, all the creditors listed in the bankruptcy petition are bound by this plan. If they failed to object to the plan early in the filing process, they lose the opportunity to object to the […]

What is the proposed payment plan?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/What is the proposed payment plan complete.mp4″ width=”590″ height=”443″ thumb=”default”] The proposed payment plan in a Chapter 13 bankruptcy is the amount that you are going to pay every month towards your debts. The plan will detail exactly what debts are to be paid, what debts are not to be paid, the amount of […]

Who can use Chapter 13?

Bankruptcy Attorney
[bkvideo file=”/bkvideos/Who can file chapter 13 complete.mp4″ width=”590″ height=”443″ thumb=”default”] Only individuals can use chapter 13. Partnerships and corporations are not eligible. You must have regular income and there are limits on the amount of debt that you can owe in order to be eligible for chapter 13 relief.

What if I cannot make the payments required under my bankruptcy court ordered plan?

Bankruptcy Attorney

  If you fail to make the payments required in a Chapter 13 plan, then the plan can be dismissed. Generally what happens is you would contact your attorney and explain what is causing the difficulty and the attorney will see whether or not the Chapter 13 plan can be modified so that you can […]