Bankruptcy is a hard decision and many people struggle with the idea of going back on their promise to pay back their debts.  I believe the decision to file bankruptcy is a personal one, but I think it is important to put the legal concept of bankruptcy in context. Bankruptcy is a centuries old concept. …Read more

Considering that a Chapter 13 payment plan can last anywhere between three and five years, a lot can happen to your personal finances during that time.  If you have taken a pay cut or had an unexpected increase in expenses and are having trouble making your plan payments, you may want to consider asking the…Read more

A court may revoke a revoke an order for confirmation of a Chapter 13 bankruptcy plan within 180 days of its entry. Section 1330(a) of the Bankruptcy Code provides: On request of a party in interest at any time within 180 days after the date of the entry of an order of confirmation under section…Read more

Section 1326(a)(1) of the Bankruptcy Code provides: Unless the court orders otherwise, the debtor shall commence making payments not later than 30 days after the date of the filing of the plan or the order for relief, whichever is earlier. It is important to remember that your payment may be due before your meeting of…Read more

Section 109(e) of the Bankruptcy Code provides: (e) Only an individual with regular income that owes, on the date of the filing of the petition, noncontingent, liquidated, unsecured debts of less than $360,475 and noncontingent, liquidated, secured debts of less than $1,081,400, or an individual with regular income and such individual’s spouse, except a stockbroker…Read more