Posts tagged "filing for Chapter 13"

What happens at the end of a Chapter 13 repayment plan?

Those who find themselves in need of debt relief may consider filing for Chapter 13 bankruptcy. Unlike Chapter 7, which provides a discharge of eligible debts via liquidation, Chapter 13 entails a repayment plan for eligible debts. Southaven residents may have questions about the benefits of Chapter 13, as well as about the actual bankruptcy process itself. One common question regarding Chapter 13 is: what happens at the end of the repayment plan?

An experienced advocate ready to help with Chapter 13

The number 13 is often considered unlucky; for those struggling with debt in Southaven, though, 13 may prove to be a positive number. Residents seeking a solution to their financial challenges may find it in Chapter 13 bankruptcy, which helps individuals put a lid on mounting debt and effectively tackle existing debt.

Navigating the Chapter 13 bankruptcy process

When a Mississippi resident decides that personal bankruptcy is the right solution for them, they will likely need to first decide which type of bankruptcy to file. An individual in need of debt relief may file Chapter 7, which involves asset liquidation, or Chapter 13, which involves adhering to a repayment plan concerning a portion of eligible debts.

Key qualifications for Chapter 13 bankruptcy

Filing for bankruptcy is one of the most important decisions that some individuals may ever make. When an individual or business is in dire need of debt relief, bankruptcy can almost immediately alleviate the burden. For individuals who decide bankruptcy is right for them, deciding whether to file for Chapter 7 or Chapter 13 can be crucial.

Get a truly fresh financial start via Chapter 13

For some people who are grappling with overwhelming debt in Mississippi, 13 may be their lucky number. This is because the type of personal bankruptcy known as Chapter 13 allows Southaven area residents to achieve a fresh financial start. An individual can re-structure their financial situation in a manner that will produce long-term gains.

When is Chapter 13 more appropriate than liquidation?

One of the first questions any Mississippi resident may have about personal bankruptcy is what is the difference between Chapter 7 and Chapter 13 bankruptcy? Both types are used by individuals to obtain debt relief and a fresh financial start. However, there are key differences between the two that many debtors are unaware of until they are pondering bankruptcy for themselves.

Chapter 13 can subdue overdue tax liabilities

Tax season has come and gone for most Mississippians, but this time of year there are bound to be some state residents still trying to pay off their tax debt from the previous year. Some are able to get a handle on the problem simply by filing for an extension with the Internal Revenue Service. For others, though, their financial challenges may be so great that Chapter 13 bankruptcy may be the most appropriate option.

Navigating credit card applications under Chapter 13

Getting turned down for a credit card is never easy. Getting turned down after filing for Chapter 13, though, is not particularly surprising. While Chapter 13 bankruptcy, and other forms of bankruptcy, no longer carry the stigma they once did, there are many nuances of these processes that must be navigated carefully and with a calm, educated approach.

Does filing for Chapter 13 affect joint credit card account?

Financial challenges are understandably difficult to navigate on one's own. However, many residents of Mississippi must grapple with not only their own financial difficulties, but also those of their family members. Many couples, for instance, have joint bank accounts, jointly-owned property, and may be listed on a partner's mortgage, car title or credit card.

Former Baywatch actress files for Chapter 13 bankruptcy

In Southaven, financial challenges sometimes lead people to try to formulate strategies to get out of debt. In certain instances, bankruptcy is an option that is considered. Filing for Chapter 13 bankruptcy is an idea that is appealing to many who earn a living but don't know any other way out of their financial issues but would still like to keep their home and vehicle.

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