Written by attorney Jeff Biddle, 9 months ago.
A Chapter 13bankruptcy is a bankruptcy where you can pay back your debts (as much as your income allows) and keep your stuff. It is not uncommon that, during the three or five years that you are in a... more
Written by attorney Mohammad Faruqui, 5 months ago.
The provisions of a confirmed plan bind the debtor and each creditor. 11 U.S.C. 1327. Once the court confirms the plan, the debtor must make the plan succeed. The debtor must make regular payments... more
Written by attorney Mohammad Faruqui, 5 months ago.
Unless the court grants an extension, the debtor must file a repayment plan with the petition or within 15 days after the petition is filed. Fed. R. Bankr. P. 3015. A plan must be submitted for court... more
Written by attorney Steven Leahy, 13 days ago.
Tax Payment Options Chicago: IRS Installment Agreement Should you consider an installment agreement as a solution to your IRS tax problem? You have several options for dealing with the tax problem... more
Written by attorney Eric Bolves, about 1 year ago.
Orlando Bankruptcy Court Makes It Harder To Keep Payments Outside The Plan. One requirement of a Chapter 13 Plan is that all secured creditors are paid through the Plan. That means the payment is... more
Written by attorney Clint Dunaway, 3 months ago.
Prior to June 30, 2010, Arizonians could write a post-dated check to Payday lenders for short-term loans. These Payday lenders charged interest rates of more than 400 percent on an annual basis!... more
Written by attorney Stuart Cordell, about 4 years ago.
Verify who owes the debt.. Ask the creditor for documentation. Was the survivor or child a co-borrower or guarantor on the debt? If so, they must make the payments. If not, or if the creditor... more
Written by attorney Steven Fromm, almost 3 years ago.
EDUCATIONAL EXPENSE GIFTS. Transfers made on behalf of an individual directly to a qualifying education organization for tuition for education or training of the individual are not treated as a gift... more
Written by attorney Brian Lerner, over 2 years ago.
Full Payment is required for Priority Claims. However, they can be paid in unequal installments so long as they are paid by the end of the Plan. Normally priority payments are those where they... more
Written by attorney Brian Lerner, over 2 years ago.
Where unsecured creditors would receive nothing under the Chapter 7 liquidation recovery calculation, a zero-payment plan satisfies the best interests of creditors test. This is met where zero... more
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