Filing a Chapter 13 bankruptcy can feel like a brand new world. Unless you do your share, it won’t last for long.
Each month, thousands of people from around the country look to the bankruptcy court to stop a foreclosure, forestall a repossession, or simply to help reorganize their finances.
The beginning of the process involves a flurry of activity – filing a proper Chapter 13 Plan, stripping off liens, jettisoning some assets and resolving issues with the Chapter 13 trustee, judge and creditors.
The goal of most Chapter 13 bankruptcy cases is the same – curing a default, catching up arrears, and discharging certain obligations after a repayment plan is completed.
If you’re going to make this happen, you’ve got to be sure to stay clear of the issues that lead your Chapter 13 case to be dismissed. [Continue reading]