Blog Posts - Chapter 13
What Happens if I Miss a Chapter 13 Payment?
Chapter 13 bankruptcy is often referred to as reorganization bankruptcy – or a wage earner’s plan – and it tends to benefit those who have considerable debt but also earn a substantial income. Instead of discharging your debt outright, Chapter 13 restructures your debt into a repayment plan that allows...
READ MORECan I Modify My Chapter 13 Repayment Plan After it is Approved?
If you are in a Chapter 13 bankruptcy repayment plan and are struggling to make the payments, you might be seeking any options to modify the plan. Financial circumstances change over time for most people, and it can be overwhelming to think about continuing with a plan that no longer...
READ MORECan Chapter 13 Stop Foreclosure?
Foreclosure generally relates to homeowners who have fallen seriously behind with their mortgage payments, which can mean being many months behind. Facing a foreclosure is not only financially devastating but also tends to pack an emotional wallop that can be difficult to overcome. The fact is, however, that - under...
READ MORENew rules give debt collectors more ways to harass you
A new rule by the Consumer Financial Protection Bureau (CFPB) - which was initially created to protect consumers - tilts the playing field in favor of debt collection agencies. Under the new rule, finalized Nov. 4, bill collectors can contact you not just by phone but also by email, text...
READ MOREYou can rebuild your credit after filing for bankruptcy.
Depending on the chapter of bankruptcy, your bankruptcy filing will be on your credit report for up to a decade after filing. This leads many to believe that bankruptcy will do permanent damage to their credit score and that their credit score will cut them off from future home loans...
READ MOREHow do I prepare for a wage earner’s plan filing?
Those who are struggling with debts while earning a significant income are usually overwhelmed by complex cashflow issues. For them, selling their assets may not be necessary because they have a sufficient income to pay off their debts. However, the high-interest rates and constant creditor action can be hindering the...
READ MOREChapter 13 bankruptcy may be solution for South Carolina resident
Financial struggles are a concern for many South Carolina residents. For some, the loss of income, a medical crisis or some other catastrophe has left them unable to pay their bills. For others, there is income; however, it is not enough to keep up with everything that they owe each...
READ MOREForeclosure defense attorney may prevent loss of home in Columbia
When people gather around a settlement table to purchase a new house, they are usually excited at the thought of spending the coming years fixing it up, raising a family and making it a home. The thought of needing a Columbia, South Carolina, foreclosure defense attorney may rarely come to...
READ MORESouth Carolina family on home makeover show files for bankruptcy
There are a variety of television shows on the air dealing with home renovations and makeovers. In some cases, families facing hardships may even have their homes completely remodeled as part of a show. Unfortunately, many individuals may struggle with the costs of keeping up these new homes and other...
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