Archives for September 2013

What People Want To Know Most About Chapter 13 Bankruptcy

What is a Chapter 13 bankruptcy?  A Chapter 13 bankruptcy is a reorganization of your debt or a repayment plan through the federal government of anywhere from 3 to 5 years.  Chapter 13 bankruptcy is a very complicated process; much more complicated than Chapter 7 so an attorney is definitely something you should acquire before filing Chapter 13.  Chapter 13’s can be looked at as credit consolidation through the federal government where you put all your debt into one pot; you make one monthly payment to a trustee and the trustee repays your creditors based on the priority set up in the Bankruptcy Code.   Good reasons to file Chapter 13 are if you have fallen behind on your home and + Read More

Can I stop creditors from calling me? – Bankruptcy

You most certainly can stop bill collectors from calling you once you hire an attorney to handle your debt situation.  Under the Fair Debt Collection Practices Act, creditors are prohibited from contacting you once they are made aware of the fact that you have representation.  If creditors violate this Act, they can be sued in Federal or State court with attorney’s fees, actual damages and sometimes punitive damages awarded to the Plaintiff.  Two Basic Ways To Notify Creditors There are two ways to notify creditors about the fact that you have representation.  First, you can simply advise them when they call you on the phone that you are filing for bankruptcy, give them your attorney’s + Read More