By Jeff Field | Published May 18, 2026 | Posted in Bankruptcy, Chapter 13 | Tagged Tags: chapter 13, debt, repayment plan | Leave a comment
What People Often Misunderstand About Chapter 13 Repayment Plans
Many people misunderstand the purpose and structure of a Chapter 13 bankruptcy repayment plan. Confusion about this method of debt relief might deter them from filing for bankruptcy because they believe that a Chapter 13 filing will leave them in financial distress for years. The mistaken notion that relief only comes at the end of Read More
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Adjusting a Chapter 13 Repayment Plan After a Sudden Job Loss
Sometimes, Chapter 13 bankruptcy is referred to as the “wage earner’s plan,” because it enables someone with a steady income to manage their debt load while avoiding harassment from collectors. Of course, nothing is certain in life, so what happens if you lose your job during the middle of your repayment schedule? As part of Read More
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Nontraditional Households Can Complicate Chapter 13 Analyses
Old television shows and films often portrayed American homes as consisting only of parents and their minor children. In truth, there have always been households that included grandparents, aunts, uncles, stepchildren and others who were not part of the traditional nuclear family. Now, more attention is given to the “modern family” that has countless variants. Read More
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Changes to Bankruptcy Rule Expand Notice Requirements to Homeowners in Chapter 13 Cases
One of the main reasons why people file for Chapter 13 bankruptcy is because they want to save their homes. Under this form of bankruptcy, filers can catch up on their mortgage obligations and repay other debts through a plan based on their income and expenses. When borrowers submit their proposed repayment plan, their mortgage Read More
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Speedy Georgia Foreclosure Process Adds to Urgency for Homeowners Considering Chapter 13 Bankruptcy
Foreclosure laws vary significantly by state. One of the key distinctions is that certain jurisdictions require what is known as judicial foreclosure. This means that in order for a lender to take possession of a home, they must first file a lawsuit to do so. Not surprisingly, moving through the litigation process can take a Read More
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Bipartisan Senate Plan Would Raise Chapter 13 Debt Limit
Inflation, high real estate costs and other factors can increase the amount of debt that someone carries, even if they are earning a steady income. When someone in this position requires assistance to stop creditor harassment, a Chapter 13 repayment plan is often the best solution. Under this program, a debtor is protected against collection Read More
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Can You Refinance Your Home Loan While on a Chapter 13 Bankruptcy Plan?
One of the key reasons why people choose Chapter 13 bankruptcy as a debt relief solution is because it offers the opportunity to retain their homes. With the guidance of an experienced attorney, you can develop an appropriate repayment plan to be completed over a period of three to five years. This schedule allows you Read More
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Are Debts Owed for Traffic Violations and Other Offenses Part of a Chapter 13 Repayment Plan?
Filing for Chapter 13 is the right option for many individuals facing financial distress despite the fact that they are earning a steady income. Many people are unable to climb out to debt on their own when a short-term job loss, medical issue, divorce or expensive repair sets them back. By developing a fair repayment Read More
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Bankruptcy and 401(k) Loans
People facing unrelenting pressure from creditors often consider a range of options. For many, bankruptcy offers the clearest path to a fresh financial start. Another option some people consider is taking out a loan against the funds in their 401(k) retirement account. Under both Chapter 7 and Chapter 13 filings, 401(k) plans are generally protected Read More
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Court Refuses to Reopen Completed Chapter 13 Bankruptcies After Filers Inadvertently Omitted Personal Injury Claims
Establishing a repayment plan through Chapter 13 bankruptcy is the right path for many Americans who earn a steady income but have been unable to catch up on their financial obligations. In these arrangements, individuals agree to bring down their debts according to a schedule lasting three or five years. Repayment terms are designed based Read More
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