Chapter 13 Bankruptcy

Don't Be Pressured Into Filing A Bankruptcy That Is Best For The Attorney!

Don’t Be Pressured Into Filing A Bankruptcy That Is Best For The Attorney!

There are some law firms in Virginia that specialize in filing either Chapter 13 bankruptcies or Chapter 7 bankruptcies. When they meet with a client, they will try to fit the client into the type of bankruptcy that they file. Some firms will tell clients that they have to file a Chapter 13 bankruptcy regardless

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Paying Your Debts Through A Debt Consolidation Program

If You Think You Are Better Off Paying Your Debts Through A Debt Consolidation Program, You May Need To Carefully Consider Your Decision

A recent article posted on a site maintained by a credit card company purportedly discussed the differences between filing for bankruptcy and paying off debts through a debt consolidation program. Not surprisingly, it recommended paying off the credit card debt. There were several statements in the article that were not completely accurate. The author says

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You Don't Want Your Virginia Bankruptcy Case Dismissed With Prejudice

You Don’t Want Your Virginia Bankruptcy Case Dismissed With Prejudice

What causes the Bankruptcy Court to dismiss a case with prejudice? According to the Code, a case can be dismissed with prejudice only for “cause.” This begs the question, what constitutes “cause”? Unfortunately, the Code does not define “cause” for dismissal purposes. However, one Circuit Court of Appeals has held that “bad faith” is “cause”

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Bankruptcy Court's Authority Over Support Payments And Arrears

Bankruptcy Court’s Authority Over Support Payments And Arrears

When an individual files bankruptcy, most creditors are barred from taking any collection actions against the person. However, there are a couple of exceptions to that bar. One of the largest of these exceptions is for child or spousal support. In bankruptcy, child and spousal support payments are defined as domestic support obligations. The bankruptcy

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Protecting A Co-Signor On A Loan In A Chapter 13 Bankruptcy

Protecting A Co-Signor On A Loan In A Chapter 13 Bankruptcy

Unlike Chapter 7 Bankruptcy, which will remove your obligations on a co-signed loan leaving your co-signor completely responsible for the debt, in a Chapter 13 bankruptcy, you can protect the co-signor. This should be a consideration in choosing what type of bankruptcy to file. If you have loans or credit cards that someone has co-signed

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