Someone who is experiencing a difficult financial situation may not feel comfortable negotiating a payment plan with creditors or collection agencies. Some will turn to nonprofit or credit counseling agencies who function as a go between a borrower and creditors to come up with a plan to repay debts. A debt management program is not unlike a Chapter 13 bankruptcy, which also strives to set up an affordable repayment plan to eliminate debt. Although they are similar in some respects, Chapter … [Read more...]
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Convert a Chapter 13 Bankruptcy to a Chapter 7
An individual who has filed Chapter 13 bankruptcy may not be able to make the required payments because of unforeseen financial difficulties. Many who find themselves in this situation may wonder if they can convert a Chapter 13 bankruptcy to a Chapter 7. First it’s important to look at the differences between Chapter 7 and 13 Bankruptcy protections. Chapter 7 bankruptcy is a good option for someone who has limited income and few assets. With the exception of a handful of exemptions, the few … [Read more...]
Google Rating
Based on 67 reviews
Facebook Rating
Based on 7 reviews
Yelp Rating
Based on 1 reviews