This video talks about creditors and their acceptance or rejection of a proposed plan. David Siegel: Let me ask you this, Jesse. Do creditors object to your plan for your organization or do they just accept it? Jesse Barrientes: It depends on the creditor. Sometimes they object. Essentially, and we talked about this which is […]
Author Archives: David M. Siegel
This video talks about the desire to have the first plan payment in hand when filing a Chapter 13 bankruptcy case. It is required by my office in most cases. There are some exceptions. Your office, Dave, you also do the first plan payment as well. Do you not? David Siegel: What I like to […]
This video talks about the method of paying the Chapter 13 Trustee. Payroll control is the best way to have success in your Chapter 13 case. Jesse Barrientes: So how do I pay the trustee? Do I send them a check? A money order? How does that work? David Siegel: Well, if you are gainfully […]
Your budget as compared to IRS standard allowances is going to determine, in part, how much you pay back to creditors over the life of your plan. The video below touches upon that notion. Jesse Barrientes: Well, you mentioned the plan payment. How do I go about paying the trustee? So assume now we have […]
This video talks about the percentage that is paid back to creditors in a Chapter 13 bankruptcy case. It will vary depending upon the assets, liabilities, income and expenses of a debtor. Each case is particular to the facts of that case. Jesse Barrientes: What kind of percentage do you pay back in a Chapter […]
The video below talks about the automatic stay in a Chapter 13 bankruptcy case. This is basically the protection from creditors that the filer is seeking. What is the Chapter – rather what is the automatic stay and is applicable in a Chapter 13? I know we talked of one of our other shows with […]
This video discusses the pre-filing requirements for someone looking to file Chapter 13 bankruptcy. They are similar, but not exactly the same as the requirements for filing Chapter 7 bankruptcy. What are the prefiling requirements for Chapter 13? David Siegel: Well, the first thing you have to do for Chapter 13, you have to provide […]
This video talks about under what circumstances someone would want to file for Chapter 13 bankruptcy. Each case is different and each case needs the be evaluated to ensure that filing is going to accomplish the requested goal of financial relief. David Siegel: When would somebody want to file a Chapter 13? Jesse Barrientes: Well, […]
The video below describes how Chapter 13 works. This is just the starting point to what Chapter 13 can accomplish for those with financial issues. David Siegel: Okay, so what happens in a Chapter 13? How does it work? Jesse Barrientes: Well, in a Chapter 13, what happens is all of your assets kind of […]
The transcription below is from the Chapter 13 video explanation the general nature of what Chapter 13 bankruptcy is all about. David Siegel: You know, whether things are rolling in this country or whether they’re going downhill, there’s always a need for the Chapter 13, the reorganization, to find a way to pay back and […]