Chapter 13

Bankruptcy Exemptions: Basics and Pitfalls

Bankruptcy Exemptions: The Basics You are required to list all of your property (assets) when you file a Bankruptcy case.  Your property can then fall into exemptions which allow you to keep that property.  The purpose of the exemptions is to give you a fresh start and not a leg up.  Different states have determined … Read more

How Chapter 13 Stops Foreclosure

Filing for a Chapter 13 Bankruptcy is one of the best ways to permanently stop a foreclosure.  The reason for this is simple:  because the creditors have no choice but to stop the foreclosure once you file and your Bankruptcy allows you to put together a “plan” to stay in the house. The Automatic Stay … Read more

Understanding The Role Of The Bankruptcy Trustee

When it comes to bankruptcy proceedings, many different individuals are involved in the process: the debtor, the creditor, often the debt collector, and, of course, the bankruptcy trustee. However, many individuals fail to understand the role of the bankruptcy trustee. Below is some information to explain what role the trustee plays in all bankruptcy proceedings. … Read more