Chapter 13

Chapter 7 bankruptcy is the fastest path to discharge available. However, not everyone actually qualifies for Chapter 7 bankruptcy. Some people have high enough income that they cannot pass the means test. For others, the inability to exempt all of their property...

Healthcare debt is one of the most common reasons people explore Chapter 13 bankruptcy. Unlike consumer spending, these bills usually follow emergencies, chronic conditions or necessary treatment. They appear suddenly and grow quickly, leaving no time to modify...

Chapter 13 bankruptcy can offer a structured approach to managing debts while keeping certain assets. If you are exploring this option in Indiana, learning how repayment plans typically work can help you understand what to expect. How does the chapter 13 process...

Bankruptcy laws offer several different options for people and businesses that require financial relief. Individuals filing for bankruptcy typically choose between Chapter 7 bankruptcy and Chapter 13 bankruptcy. Chapter 13 bankruptcy takes longer to complete than...

The repayment plan is one of the main differences between Chapter 13 and Chapter 7 bankruptcy. Filers pursuing Chapter 13 relief have to commit to a structured series of payments that may last anywhere from three to five years. They pay down their eligible unsecured...

Filing for Chapter 13 bankruptcy is one of the ways a person can reclaim their financial future if they’re overwhelmed by debt. This type of bankruptcy is informally known as a wage earner’s bankruptcy because it requires periodic payments to the bankruptcy trustee to...

Individuals struggling with unsustainable levels of debt might eventually decide to file for bankruptcy. They then have to choose the type of bankruptcy they pursue based on their income levels, the type of debt they have and the assets they may own.  For those with...

Filing for Chapter 13 bankruptcy can be a lifeline for homeowners who are facing the daunting prospect of foreclosure. This type of bankruptcy, often termed a "wage earner's plan," allows individuals with a regular income to develop a plan to repay all or part of...

Chapter 13 bankruptcy allows individuals to develop a plan to repay all or part of their debts. Unlike Chapter 7, which involves liquidating assets, Chapter 13 allows debtors to keep their property and make payments over time.  Not everyone qualifies for this type of...