If you are filing chapter 13 bankruptcy, under very specific circumstances, you can strip off the security interest held by the second mortgage. First the second line of credit has to be wholly unsecured. That means if the valuations of the house has to be less than the principal amount held by the first […]
Is there anything that can be done with my second line of credit? Read More »
The means test is used to determine whether or not a debtor is eligible for Chapter 7 or Chapter 13 Bankruptcy protection. Until 2005, the judges decided whether a person could file for Chapter 7 but since 2005, there have been specific requirements for filing a Chapter 7 bankruptcy protection. About means test
What is a means test? How to qualify for it Read More »
The time of repayment of a loan in accordance to the repayment plan can be very stressful and you need to be very careful in keeping up with payments. Missing just one of your instalments can lead to your case being dismissed, allowing creditors to continue with their collections efforts. So during the three
Tricks for rebuilding your credit after filing for chapter 13 bankruptcy Read More »