Archive for the ‘Chapter 13’ Category

Liz Weston Interview: Is Chapter 13 Bankruptcy better than a Debt Management Plan?

Blake Brewer was recently interviewed by Liz Weston, an outstanding consumer affairs advocate, author, commentator, and now blogger at www.nerdwallet.com  She was providing insight to consumers about the pros and cons of the “debt consolidation” plans you hear advertised on radio and television.  The plans promote themselves as alternatives to bankruptcy.  Indeed they are, but […]

Lien Strips – Removing “Underwater” Second Mortgages in Bankruptcy and How it Could Help You Make Your Home More Affordable

Chapter 13 bankruptcy is a powerful debt relief remedy. It allows consumers to enter into a court protected debt reorganization of your debts over a period of time (normally, 36-60 months total). Chapter 13 debt reorganization plans can, for example, force the mortgage company to accept past-due mortgage payments. This is extremely helpful for consumers […]

Chapter 7? Chapter 13? I Need a Fresh Start, But Which Option is Best for Me?

Consumers who are overwhelmed with debt have two options in Bankruptcy Court. The most popular option by far is Chapter 7, where the consumer’s debts are eliminated without a repayment plan. But Chapter 13 is also a powerful tool for adjusting your debts over a three-to-five year time frame. Which one is right for you?

Supreme Court: Chapter 13 Denial of Confirmation is not an “Appealable Order”

The Supreme Court unanimously decided today that denial of confirmation is not a final, appealable, order. Bullard v. Blue Hills Bank, 575 U.S. ___, No. 14-116 (U.S. May 4, 2015).