Chapter 13 bankruptcy is a reorganization of one’s debts as a repayment plan based on what you can afford to pay. It can last from three to five years. Chapter 13 bankruptcy is a powerful tool for you to regain control of your financial life and get a good fresh...
A chapter 13 bankruptcy allows individuals a payment plan in order to repay their debt. Under this chapter, a repayment plan is installed over the course of three to five years. Depending on the debtor’s monthly income will depend on how long the payment plan will be....
If you are planning to file for bankruptcy again, there are certain requirements you will have to be eligible for in order to revive a new discharge. If you have filed for bankruptcy before and received a discharge, then the bankruptcy code specifies when you can file...
Whether you are filing a chapter 7 or chapter 13 bankruptcy, trustees are assigned to your case when you file, and they have important duties that they must perform. They review and finalize your financial documents, they make sure your financial information is...
To file for bankruptcy or not to file for bankruptcy. That may be the question you find yourself asking if you are staring down a case of insurmountable financial problems, but one that is ultimately hard to answer. In some cases, chapter 7 bankruptcy is a better fit...
Bankruptcy can be a difficult and overwhelming decision. There are two types or “chapters” individuals can apply for; chapters 7 and 13. In a chapter 7 bankruptcy, almost all debt is erased, this does not include certain taxes, student loans, secured debt or child...
For most filers, the list of documents needed and the bankruptcy paperwork itself can seem stressful and confusing. Here at DAL Law Firm, you can rest assured that nothing is missed and that you will have a smooth filing. It is best to meet with an attorney who can...
The one main question we get when people call in about bankruptcy is, how does bankruptcy work? If you are facing financial challenges, you may have thought about bankruptcy, but you do not know where to start. Unlike a Chapter 7 bankruptcy, where most debts are...
For most filers, the list of documents needed and the bankruptcy paperwork itself can seem stressful and confusing. Here at DAL Law Firm, you can rest assured that nothing is missed and that you will have a smooth filing. It is best to meet with an attorney who can...
Many times, when we meet with clients regarding bankruptcy, they come in with many preconceived notions about bankruptcy. One of the most common we hear is that people think that they will lose their home just because they’ve filed for bankruptcy. But that’s not true....