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As has been discussed in this blog before, along with a Chapter 13 bankruptcy petition a debtor will file a Chapter 13 plan.  This plan sets out how much a debtor will pay to the Trustee and how certain debts will be paid, among other things.

It is nearly impossible to keep a job without some form of transportation. Since many Americans cannot afford to purchase a car outright, they must resort to financing. If they have a bad or non-existing credit history, a co-signer is sometimes needed. This is often a parent, other family member, or even a friend. In a perfect world, the primary borrower would timely make all of the payments.

Recently, a man called my home phone number proclaiming to be a deputy with the Montgomery County Sheriff’s office telling me that I had missed jury duty.  Of course, I knew that I had not received any such notice and asked what address any notice was mailed to informing me of the date I was to report to the courthouse.  He only stated the first four digits of my address and stopped.  I told

In March of this year, the Consumer Financial Protection Bureau (CFPB) recommended a set of sweeping new rules and regulations for the Payday and Car Title industry.  The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.

Almost 239 years ago, our country declared its independence from Great Britain.  Thomas Jefferson drafted the Declaration of Independence setting forth the reasons for our separation from the British Empire.

Stopping a potential foreclosure of your home is one of the primary benefits of filing for bankruptcy relief.  As discussed by my colleagues in other posts, filing bankruptcy puts in place the Automatic Stay.

Over the weekend, I am sure many Americans have had numerous discussions with friends, family and strangers regarding the recent U.S. Supreme Court’s decision in Obergefell v.

The iconic firearms maker, Colt, recently filed for bankruptcy protection on June 14,  2015. Colt hopes this will allow for the restructuring of its debt while remaining open for business. This not the first time that Colt has run into financial difficulties. Sam Colt opened his first firearms plant in 1836 but it closed 6 years later because of poor sales.

A recent CNBC article reports that the number of delinquent mortgages is falling, however, the foreclosure crisis does not appear to be over.

Chapter 13 is a section of the Bankruptcy Code that allows individuals and small business owners in financial difficulty to repay their creditors.