chr_dev2020-02-03T16:51:19+00:00April 25th, 2014|
By Christopher P. Walker A Chapter 13 Bankruptcy provides an individual debtor (including small business owners) with an opportunity to reorganize their financial affairs in a similar manner to large businesses can under Chapter 11. However, a Chapter 13 is much less expenses [...]
chr_dev2020-02-03T14:17:20+00:00March 29th, 2014|
Though the economy has improved markedly since 2008, it is still often difficult for recent college graduates to find work. When these young adults do get hired for their very first full-time jobs, their salaries tend to be lower than [...]
chr_dev2020-02-03T14:47:38+00:00March 16th, 2014|
The holidays are over, but a significant number of Americans are still struggling with debt that they acquired during last year’s winter holiday season. If you are among them, it is important to understand that there are many things that [...]
chr_dev2020-01-31T09:40:48+00:00February 28th, 2014|
If your credit card companies demanded full repayment of your current debt load tomorrow, would you have enough money in your savings to cover the balance? According to a new Bankrate.com survey, the number of Americans who could eliminate their [...]
chr_dev2020-02-03T14:14:48+00:00November 1st, 2013|
Urgent medical needs cannot always wait until a patient’s income can cover the cost of the care he or she requires. As a result, overwhelming medical bills are now the primary reason that Americans file for Chapter 7 and Chapter 13 personal [...]
chr_dev2020-02-03T14:53:30+00:00August 26th, 2013|
David Adkins, the comedian known as Sinbad, filed for Chapter 13 bankruptcy in May, claiming $11 million in debt, the vast majority of which is tax debt. According to documents cited by AccountingWEB, the 56-year-old performer owes over $8 million to the [...]
chr_dev2020-02-03T13:27:33+00:00July 11th, 2013|
If you are filing for Chapter 13 bankruptcy and have a second mortgage, you may be able to “strip down” or “cram down” your second mortgage in something commonly referred to as “lien stripping.” If the value of your home [...]
chr_dev2020-02-03T14:29:06+00:00July 10th, 2013|
As we discussed in our last post, more Americans file for consumer bankruptcy over insurmountable medical bills than any other reason. Of course, many people who can’t afford to pay their medical bills don’t end up filing for bankruptcy, which means there are [...]
chr_dev2020-02-03T14:53:58+00:00May 6th, 2013|
Using public data from the Consumer Financial Protection Bureau, a recent report by the Insight Center for Community Economic Development determined that the high fees and harsh contract terms for payday loans pushed so many people into Chapter 13 bankruptcy in 2011 [...]
