What Happens After a Chapter 13 Bankruptcy?
There’s much to consider following the closure of a Chapter 13 bankruptcy proceeding and repayment plan. You may be able to pay off more debt than you think, but your credit score will take a significant hit as a result.
What is the Homestead Exemption?
The homestead exception was established to help struggling homeowners stay in their homes through a bankruptcy proceeding. The Arkansas homestead exemption allows qualifying debtors to protect urban homesteads on quarter-acre lots and rural homesteads on eighty-acre plots to protect the full value of their home and land. For debtors who don’t qualify for the Arkansas exemption or who have substantial personal property, federal exemptions provide for a great deal of asset protection as well.
What Military Personnel Need to Know About Bankruptcy
Military members both active and retired have extra rights and options when it comes to bankruptcy. It’s important to understand each route as there are exclusion periods, security clearance issues, and more to consider.
5 Things to Know About Chapter 7 and 13 Bankruptcy
There are a lot of facts – along with a lot of myths – out there about individual bankruptcy. This post highlights five facts anyone considering either should know about what happens in Chapter 7 and Chapter 13 proceedings.
How Companies Can Strategically Use Bankruptcy to Stay in Business
Chapter 11 bankruptcy should be the last resort option for a business in a financial crisis, but it can be used strategically to help companies recover and come out in a better financial state on the other side.
Investment Real Estate Issues in Chapter 7 and 13 Bankruptcies
Real estate ownership plays a big role in paying back debts to creditors through a Chapter 13 Bankruptcy proceeding. There are specific rules and requirements to follow in order to keep property and other assets.
Landlords, Renting, and Bankruptcy
The uncertain financial situation of the last few months has led to speculation about the future of the rental housing market and how the August expiration of national unemployment benefits could affect evictions. Filing for bankruptcy will affect tenants and landlords differently.
Tenth Circuit Court of Appeals Discharges $200,000 in Colorado Couple’s Private Student Loans
A new ruling from the Tenth Circuit Court of Appeals allowed a Colorado couple to discharge $200,000 of private student loan debt through Chapter 13 bankruptcy. This could create a new precedent for those looking for some way to discharge their own student debts.
What is a ‘Fraudulent Transfer’ in Bankruptcy?
Fraudulent transfers are property transactions that occurred within two years of a bankruptcy proceeding in an effort to keep money out of the bankruptcy. The bankruptcy trustee can reverse these transactions, sometimes even if they were not done intentionally.
How Being Unemployed Affects Potential Bankruptcies
Extended time without a job puts all sorts of stress on anyone’s personal financial situation. If you’re considering bankruptcy as the next step, it’s important to understand how job loss, job gain, and other factors affect the process.