What Happens If I Fall Behind In My Chapter 13 Bankruptcy Payment Plan?
If you fall behind in your Chapter 13 bankruptcy payment plan, you will get notified by the trustee and the court, and there will be a hearing scheduled to figure out what to do. If you’re not able to cure whatever the deficiency is in the timeframe that the court gives you to cure it, your case will likely be converted to a Chapter 7 liquidation.
What Courses Am I Required To Take After I Complete My Bankruptcy?
After you complete your bankruptcy, there are no required courses to take.
How Many Years Will A Bankruptcy Stay On Someone’s Credit Report?
A bankruptcy will stay on a person’s credit report for six years.
What Are Some Ways That People Get Back On Their Feet After Completing A Chapter 7 Or Chapter 13 Bankruptcy?
Chapter 7 is supposed to be a fresh start. Hopefully, that’s what happens after you have been discharged from a Chapter 7 bankruptcy. After a Chapter 7, all creditors know that you cannot file again for another six years. Frequently, you are given the opportunity to get more credit and buy things because they know you cannot file bankruptcy and discharge that debt. Moreover, due to no longer having substantial debt, you are free to go on and interact as a normal person would, recognizing that you have to live within your means. And so, there’s no reason why you can’t go on with a fresh start as contemplated by the bankruptcy code.
The same applies with a Chapter 13. After you’ve completed Chapter 13, you have paid your debts over time and they’re gone. Your creditors have accepted all that they’re going to get for those debts, and you are free to interact and enjoy commerce like any other person.
How Long After Filing For Bankruptcy Will I Be Able To Buy A Home Or A Vehicle Again?
After receiving your discharge in bankruptcy, you will be able to immediately buy a home or vehicle.
What Should I Look For When Hiring A Bankruptcy Attorney?
You want to have an attorney who is experienced and understands your situation. It is important to hire an attorney who is willing to spend time with you to fully understand what your financial circumstances are, how you got there, and how you can get yourself out. A knowledgeable attorney will explore all other options before recommending filing for bankruptcy.
You have to have a certain comfort level with a bankruptcy attorney, just like you would with any other attorney for whatever other problem you have. You should avoid attorneys who have what we call a bankruptcy mill. These attorneys have a paralegal do most of the work, and are not available to give you credit counseling and a personal touch. A good bankruptcy lawyer will give you the guidance you need to get you through this difficult time with your financial affairs.
What Sets You And Your Firm Apart In Handling Bankruptcy Cases?
I’m a small firm that gives you a large firm service with a small firm fee. You get personal attention and the guidance that you don’t get from a big firm that often assigns junior associates or paralegals to do most of the work. Those lawyers are usually not available to consult with you. I’m available to take calls, respond to emails, or otherwise work with clients to get them through this difficult time. I help them understand what they’re going through, why they’re doing it this way, and how they can avoid various pitfalls. I give my clients the personal attention necessary to make them comfortable with the entire process while making sure that this is the right course for them to take.
For more information on Falling Behind On A Chapter 13 Payment Plan, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (954) 900-9575 today.