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.
If you have filed or are thinking about filing a Chapter 13 bankruptcy, you have probably heard the word "confirmation." It can sound confusing or even a little scary. But confirmation is actually one of the best things that can happen in your case. Confirmation is the moment your repayment plan becomes official. The court … Read more
If you own a home and you are paying for it through a Chapter 13 bankruptcy plan, you may be worried about your taxes. You might wonder if filing takes away your home mortgage deduction. This is a fair question. Many people count on that deduction to lower their tax bill each year. The good … Read more
Most Chapter 13 bankruptcy cases are set to last for 36 to 60 months (3 to 5 years). During those years, you may experience a change in circumstances that put you in a position where you need to request for your plan payment to be lowered. The purpose of this blog post is to discuss … Read more
If you are currently in a Chapter 13 bankruptcy and want to purchase a new vehicle there are several things that must be done. The information below is extremely important to the success of you being able to get a new vehicle so read it very, very carefully. It is critical that you get the court’s permission before going and incurring any debt (loans) on your own. To make the process as clear as possible we have broken it up into five different steps.
If you file a Chapter 13 bankruptcy in the Middle District of North Carolina (Greensboro, Winston-Salem and surrounding areas), you will be required to have a phone interview with the Chapter 13 Trustee’s office. You will need to call the Trustee’s office to schedule your phone interview. Be sure to call in on the date … Read more
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