There may come a time when you want or need something that will cost a bit more than what you have available to you at the time. If you’ve gone through the Chapter 13 bankruptcy proceedings, you probably think you aren’t eligible to get a personal loan. You might be...
Chapter 13
Getting a new car in Florida while in Chapter 13
It takes roughly three to five years to complete a Chapter 13 bankruptcy in Florida. During this time, your car may develop problems that may be more expensive to repair than just getting or leasing a new one. The good thing is that a bankruptcy judge may allow you to...
Explaining a Chapter 13 cramdown
Thousands of Florida residents declare bankruptcy each year. Whether it be struggles with a business, unexpected medical expenses or other debts getting out of control, bankruptcy represents a last resort for getting your finances back on track. The bankruptcy process...
How to prepare your Chapter 13 payment plan
Chapter 13 bankruptcy isn't for everyone. If you've decided it's a good idea for your Florida financial situation, it's important to know what to expect. Chapter 13 bankruptcy proceeding steps There are a few steps you’ll need to follow to complete your Chapter 13...
What to know about debt consolidation
If you are having trouble keeping track of multiple debt payments, it may be time to consolidate existing balances. Consolidating existing debts into a single payment minimizes the risk that you miss a payment. Furthermore, it may reduce the interest that you pay to...
How does proof of claim work in a Chapter 13 bankruptcy?
When debtors go through a Chapter 13 bankruptcy in Florida, creditors need to submit proof of claim to receive debt repayment. Creditors can print out form 410 from the US Courts Bankruptcy Forms page. Lien rights Secured creditors retain lien rights to keep the...
Basics of Chapter 13 bankruptcy
For people in Florida who have regular income but who are struggling to keep up with bills and payments, Chapter 13 bankruptcy may offer relief. With a Chapter 13 bankruptcy, also sometimes referred to as a wage-earner's bankruptcy, the filer's debts are reorganized...
Is a wage earner’s plan an option for you in Florida?
The wage earner's plan, also known as a Chapter 13 bankruptcy, is a possibility in Florida. You would be able to restructure your debts and prevent creditors from bothering you for five years. Keep your home A Chapter 13 bankruptcy gives you the possibility of keeping...
Completing a Chapter 13 plan early
Persons suffering from crushing debt may find their financial situation intolerable. When appropriate, filing for Chapter 13 bankruptcy protection could provide a solution. Unlike Chapter 7, Chapter 13 bankruptcy does not center on a liquidation approach. Chapter 13...
What to know about your repayment plan
If you file for Chapter 13 bankruptcy in Florida, you will be required to make payments to creditors for a period of three or five years. The amount that you are required to repay each month is based on the type of debts that you have and the amount of disposable...