ARTICLES

Find out when to use Chapter 13 bankruptcy rather than Chapter 7 to gain the greatest benefit when filing. The rules for each chapter are different and the advantages may multiply exponentially when converting from one chapter to another. The election of Chapter 13 increases options available when filing bankruptcy. In exchange for at least partial payment on all debts the added benefits in Chapter 13 frequently make it the best choice. You may include back taxes past due mortgage payments and a wide variety of priority debts in the plan. The partial payment required may be minimal. In many...
Read more



Means Testing in Chapter 7 & Chapter 13 Bankruptcy Cases. Form 22 Means Test & AutomobilesOne would initially not recognize a significant difference in the preparation of documents for Chapter 7 bankruptcy and for Chapter 13 bankruptcy. After all it seems relatively simple. In a Chapter 7 bankruptcy case the contract rate of payment for the auto is listed in schedules J and Form 22 Means Test. Not much of a difference from bankruptcy pre reform. However with Chapter 13 bankruptcy preparation the fact that the auto is paid through the Chapter 13 is not that simple. This article will...
Read more