Even though there are many benefits to a Chapter 13 bankruptcy filing, including the ability to pay back many of your debts through a repayment plan, there are also some potential disadvantages that could get in the way.
It's hard to imagine a situation in which you see bankruptcy as a good thing, but there may come a point when you find yourself in this position.
If you have a past-due bill, there's a good chance you'll hear from a bill collector at some point. As frustrating as this can be, there are steps you can take to put this problem in the past once and for all.
Filing for Chapter 13 bankruptcy can solve many financial problems. But it's also easy to make a mistake when filing that slows you down and makes it difficult for you to improve your finances.
If you decide to file for Chapter 13 bankruptcy, you need to realize upfront that it will have a negative impact on your credit rating. There is no way around this, so you need to come to grips with this fact as soon as possible.
There are many good reasons to file for bankruptcy, including the fact that this could help save your home from foreclosure.
There may come a time when you realize that a bankruptcy filing is the best way to get your business back on solid ground. While this alone is unable to fix a broken business, it may give you the space you need to make key changes with the hopes of a better future.
If you are interested in filing for Chapter 13 bankruptcy, you first need to answer a variety of questions.
If you find yourself considering bankruptcy, there are several important factors that will help you decide what to do next. For example, you want to learn more about the automatic stay.
On the surface, you may decide that Chapter 13 bankruptcy is the best way to improve your finances and get your life back on track.