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If you have filed a Chapter 13, you have encountered the Chapter 13 Plan. This is the repayment plan for your debts that must be submitted as part of the process in a Chapter 13. The plan, once...

A frequent misunderstanding on tax debt is that you cannot wipe it out in a bankruptcy. Contrary to this misunderstanding, certain back due taxes owing to the Internal Revenue Service (IRS) or the...

The real estate bubble caused a great disruption in the market for homes in the United States. Home prices were driven up and then collapsed, taking with them much of the economy and many jobs. The...

Many people who have filed a bankruptcy may be surprised to receive solicitation during their bankruptcy for new credit cards. They may think that because they filed a bankruptcy, they will have...

New Jersey Chapter 11 Bankruptcy vs. Assignment for the Benefit of Creditors

The Third Circuit Court of Appeals in In re Connors, 497 F. 3d 314 (3d Cir. 2007), held that a debtor filing a Chapter 13 bankruptcy does not have the right to cure a default on a mortgage secured by...

Are you saddled with medical debt and feeling that there is no way out? If you are, then bankruptcy is an option that you might want to consider.

Presently, in a chapter 13 bankruptcy, a chapter 13 debtor cannot modify the rights of a first mortgage holder on a home. However, as you would hear from an attorney, banktruptcy debtors may strip...

In the aftermath of the housing crisis of 2008, a significant number of home owners found themselves with mortgage debt that vastly exceeded the value of their homes. As the economy has continued to...

If a purchase was made on a store card - say a refrigerator from Sears, furniture from Raymour and Flanigan, or a computer from Best Buy - it is very likely the creditor holds a security interest in...