Category Archives: Chapter 13

If you are thinking of filing for bankruptcy, and still need basic transportation to get to work and tote your family, you could be helped by the notion of “cramming down a car.” Don’t worry; it’s nothing like the picture at left! Actually, its the car loan that you want to cram down, not the […]

Russell DeMott is a bankruptcy attorney in South Carolina, and he has posted a hilarious article on the internet outlining the differences between Chapter 7 bankruptcy trustees and Chapter 13 bankruptcy trustees. Attorney DeMott’s thesis is that Chapter 7 trustees act like voracious wolverines, chewing through all the debtors they come across in a desperate […]

Should people be encouraged to start saving money after they have filed a bankruptcy case? Sounds like a no-brainer right? Unfortunately, Chapter 13 of the bankruptcy code does not just discourage saving, but may actually prohibit it. At issue is one line in Chapter 13 that requires debtors who file under that chapter (usually homeowners […]

Thinking about a Chapter 13 bankruptcy case? Before you can file a case under this chapter of the bankruptcy code, there are a number of “tests” a debtor must pass. Here’s a way to keep track of them all: Debt limits: Chapter 13 has upper debt limits, but no lower limits. The current upper limits […]

Can a bankruptcy trustee force you to do business with a certain bank after a case is filed? In Massachusetts, the answer appears to be “no,” but it’s not for lack of trying. In a Chapter 13 case, if the debtor is self-employed or runs a small business, they are required to establish a new […]

Time for a little stripping, anyone? I’m not suggesting that you show up at the Cabaret Lounge with a fistful of dollars; instead, I’m thinking you might want to know how to get rid of a second mortgage with a Chapter 13 bankruptcy case. Brett Weiss, an attorney from Maryland, explains the basics of how […]