At Arms Length During a Chapter 13
Transaction at a Farmers Market in 2009. (Photo credit: Wikipedia) Throughout the history of bankruptcy in the United States, every angle of making payments in a Chapter 13 has carefully been considered. After all, if you file bankruptcy, no one wants to pay more back to their unsecured creditors than they have to by law, [...]
Chapter 13 and a Hardship Withdrawal of Retirement Money
Image via Wikipedia Over 60% of Filers Do Not Complete a Chapter 13 A Chapter 13 bankruptcy is for qualified individual debtors who have an income and are willing to commit to a payback plan on a portion or all their debts, normally for 3 or 5 years. About 1 in 3 who file a [...]
Couple’s Chapter 13 Bankruptcy Denied
A Virginia bankruptcy judge has rejected former Virginia House of Delegates member, Phil Hamilton’s, plan to pay back some of his and his wife’s creditors in their Chapter 13 bankruptcy case. Hamilton and his wife, Kimberly, filed for bankruptcy in February, owing creditors $594,237 with assets of $520,357. Under Chapter 13 bankruptcy, debtors get to [...]