Chapter 13 bankruptcy is a powerful debt solution for those looking to reorganize their debts in such a way as to prevent homes from being foreclosed or a vehicle from being repossessed. The focus of this article will be on using Chapter 13 to save your home. Foreclosure proceedings must immediately terminate upon the filing of a Chapter 13 bankruptcy case, allowing debtors breathing room to submit a plan of reorganization to the court. Generally speaking debtors can use the Chapter 13 bankruptcy process to get current with their lender over a 3-5 year period. For example, if the debtor

Once the Bankruptcy is filed, the Bankruptcy Court automatically sets a date for the “meeting of creditors.” In over 99 percent of the Chapter 7 cases we file, there are no “Court Hearings” or other hearings with a judge involved. Instead, there is solely this one “meeting of creditors” that is presided over by a “bankruptcy trustee” who is not a judge, but typically a financial officer or attorney appointed by the United States Trustee to oversee bankruptcy cases. Trustees are private parties and not public officials. Their sole purpose is to make sure you are complying with your duties

Car Repossessed? Immediately get your repossessed vehicles back with Chapter 13 It is not uncommon for many of our clients to come to us too late, such as after a wage garnishment, bank levy, or auto repossession.  Yet most people do not realize that Chapter 13 can return repossessed vehicles immediately, and in most cases without paying any fees.  That’s right!  While you might be told by a creditor that you need to pay $1,800.00 to release the vehicle from impound, Chapter 13 eliminates those fees and allows the immediate release upon bankruptcy notice.

Finalizing the Chapter 13 Case So you have completed your final payments in the chapter 13 or about to make your last payment. What’s next? First, you need to make sure you have completed your second credit counseling course and that you have submitted your Certification re Domestic Support as further discussed below: