Category Archives: Bankruptcy
How to Create a Chapter 13 Repayment Plan
One of the most common types of bankruptcy filed in the United States is Chapter 13. Unlike Chapter 7, borrowers do not have to pass the means test when filing Chapter 13. On the other hand, borrowers must also repay most of their debt according to the terms of the payment plan created during… Read More »
What to Expect at the 341 Hearing in Bankruptcy
If you file bankruptcy, you will have to attend a 341 hearing, more commonly referred to as the meeting of creditors. This meeting is between you, the bankruptcy trustee, and the creditors that provided the debt you are trying to discharge or reorganize. This hearing can be intimidating, particularly if you have never been… Read More »
What is Chapter 12 Bankruptcy?
In recent years, there has been a lot of attention on Chapter 12 bankruptcies throughout the United States. In 2019, the Family Farmer Relief Act was enacted. The Act was intended to help more family farmers restructure and reorganize their debt after years of poor economic conditions and low commodity processes in agriculture. Below,… Read More »
