You have made your Chapter 13 payments for years. Now you are close to the finish line. You may be wondering what happens next. When does the bankruptcy actually end? When do your debts go away? And what should you do to wrap things up the right way? This is an exciting time. It is … Read more
While you are in your Chapter 13 bankruptcy, plenty of emergencies can come up that will make it crucial for you to incur debt. These emergencies can range from needing to get a newer vehicle or to pay for a costly, but necessary, medical procedure. Before you incur any debt a Motion to Incur Debt … Read more
So you’ve been making your monthly Chapter 13 payment and it hasn’t been easy. There isn’t a lot of wiggle room to begin with but some months have been better than others. Plus, you know you’re on track to save a lot of money by completing the Chapter 13 bankruptcy. Then life happens. It’s the loss of a job, unexpected medical situation or a variety of other reasons why you may not be able to afford your monthly Chapter 13 payment anymore. So what do you do?
An upset bid period is a time period that exists after a foreclosure sale. In North Carolina, after the sale of a property in a foreclosure there are ten (10) days for another party to offer a higher bid on the property or for the owner of the property to file a bankruptcy to stop the foreclosure.
A reverse mortgage is a loan borrowed against the equity in your home. You must be at least 62 years old to qualify for a reverse mortgage, so it is often used by people of retirement age to supplement Social Security or other retirement income.
Having a trust — whether you created one or are a beneficiary of someone else’s — does not automatically prevent you from filing bankruptcy. But trusts are treated differently in bankruptcy depending on their type, your role in the trust, and the specific language of the trust document. How a trust is handled can significantly … Read more
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