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Meeting the “Best Interests of the Creditor” Test for Chapter 13

Chapter 13 bankruptcy offers individuals a pathway to regain control over their finances by creating a court-approved repayment plan that lasts from three to five years. Unlike Chapter 7, where Read More

How the Higher Chapter 13 Bankruptcy Debt Ceilings Help Consumers

As of April 1, 2025, the eligibility thresholds have been raised for Chapter 13, a form of bankruptcy in which individuals repay a portion of their outstanding debts over time Read More

What Factors Can Disqualify You From Bankruptcy Relief?

While bankruptcy is a valuable tool for individuals overwhelmed by debt, not everyone qualifies. The specific requirements depend on the type of bankruptcy being considered—primarily Chapter 7 or Chapter 13, Read More

What a Debtor Can Do to Stave Off Creditors’ Objections to Discharge

Chapter 7 bankruptcy is designed to give debtors a fresh start by discharging — that is, cancelling — their debts. However, this process can be frustrated if a creditor brings Read More

Why U.S. Bankruptcy Filings Rose Dramatically in 2024

Bankruptcy filings experienced a significant surge in 2024, marking a major uptick from the previous year, according to a recent report from the U.S. Courts. This rise in bankruptcy cases Read More

Dealing With the Reduced Debt Limits for Chapter 13 and Subchapter V

June 21, 2024 saw the expiration of the increased debt limits for Chapter 13 bankruptcy, marking a significant shift for individuals seeking financial relief through bankruptcy. These temporary changes, enacted Read More

Debunking 10 Common Myths About Bankruptcy

Many people with crushing debt have misconceptions about bankruptcy that make them hesitant to consider it as a viable option for relief. These myths range from general fear of a Read More

Viewing 1 - 7 out of 7 posts