Tag Results
12 Tag Results
2 result(s) displayed (11 - 12):
December 13, 2008
Bankrupsy
Deciding to file bankrupsy is never an easy choice. However, if personal bankrupsy is the only option left, it is best to become as informed about the process as possible. Doing so will help reduce the stress associated with filing bankruptcy and help you stay focused on the task at hand.
A key element of bankrupsy is understanding the new bankruptcy laws enacted in 2005. The Bankruptcy Abuse Prevention and Consumer Protection Act was put into place as a way to protect both consumers and creditors
Real Estate Investing article on "Bankrupsy"
April 29, 2008
Chapter 13 Payments
Chapter 13 payments are established as part of Chapter 13 bankruptcy filing. The debtor must make regular payments directly to an assigned Trustee who oversees the case. The Trustee will then disperse payments to creditors until accounts are paid in full. In some instances, chapter 13 payments can be made through payroll deductions if approved by the bankruptcy court.
Once bankruptcy has been approved, chapter 13 payments are outlined in the debtor's repayment plan. Regular payments are made to repay creditors, tax liens and if the debtor owns a home, chapter 13 repayment plans can help stop foreclosure.