News — chapter 7 bankruptcy

If you’re finding your way through a Chapter 13 bankruptcy, you are required to send regular monthly payments to the bankruptcy trustee who will deliver your money towards your loan companies as outlined by a repayment schedule agreed upon with the bankruptcy court. In most cases, one would decide on a Chapter 13 in an attempt to save a home from foreclosure, to try and keep a vehicle from being repossessed or simply because they own properties and assets that go above and beyond the authorized exemptions they want to save. Still, if a situation comes up that makes it...