No doubt it is with a feeling of relief that you have decided to file for bankruptcy protection. However, if you want the bankruptcy process to go smoothly, you must be alert to potential problems. Here are five mistakes you must avoid. 1. Failing to list all...
How may a Chapter 13 bankruptcy plan work repay my debts?
Debtors with steady income may qualify for a Chapter 13 bankruptcy. As described by CreditKarma.com, you may personalize a three-to-five-year payment plan to repay creditors. This may provide a workable option to restructure your debts by consolidating them into an...
What is debt collector misrepresentation?
When dealing with debt, the last thing you want on top of this already profound stress is the pestering of debt collectors. While debt collector harassment often gets a lot of press, that is not only wrong they can do. Debt collector misrepresentation is another big...
How long may it take to pay debts through a Chapter 13 plan?
Chapter 13 bankruptcy is available for filers who earn regular income. As noted by the Administrative Office of the U.S. Courts, if you qualify, a Maryland bankruptcy court may work with you to create a payment plan that typically lasts between three and five years....
Are you eligible for a Chapter 13 bankruptcy?
You might disregard bankruptcy for what it is — a useful, and sometimes necessary, tool for debt consolidation. Maybe it represents a failure of money management to you. The reality is that life throws everyone curveballs and sometimes bankruptcy is to the tool to get...
What is the 341 meeting and why is it important to attend?
If you are planning to file for Chapter 7 or 13 bankruptcy protection, you must attend the 341 meeting. This is an important stop on your way to a brighter financial future. Each person you meet here will have an interest in the outcome of your bankruptcy....
Is it possible to foresee a bankruptcy in your future?
While bankruptcy can be incredibly helpful when you have financial trouble, it is best to avoid financial difficulties completely. Filing bankruptcy can prevent you from losing more money and keep you from incurring judgments against you, but it also takes time and...
How long does bankruptcy affect your credit?
Bankruptcy is a legal proceeding designed to help people eliminate or reorganize insurmountable debt. But while bankruptcy provides many with the clean slate they need to get back on track, it isn’t without consequences. Bankruptcy can impact your credit score more...
Chapter 13 bankruptcy can help struggling consumers start over
Bankruptcy can get a bad reputation. When people hear of someone they know filing for bankruptcy, some people assume that money mismanagement is the root cause. However, many fall into financial despair due to circumstances beyond their control. Whether it be divorce,...
Are you being harassed by debt collectors?
When Maryland residents fall into debt, you may come across debt collectors. These people work to ensure you pay your debts to the people you owe. Debt collection is a tricky field to navigate, though. Sometimes, debt collectors are forceful. But the law prohibits...
