What debts can be included in bankruptcy and chapter 13?
Most bills, with very few exceptions, can be included in a Bankruptcy. Whether it is taxes, tickets, overpayment of benefits, car accident claims, or anything else, in all likelihood, if you let us know, we can successfully work out a solution for your debts. We can even help if you are a cosigner or are looking to protect someone who cosigned for you. The treatment of the various types of debt you owe will help to determine which chapter should be filed.
In each specific case, our bankruptcy lawyer develops an individual restructuring scheme, taking into account the number of creditors, possible problems and risks. In some cases, timely closure of the enterprise can help to avoid bankruptcy, business operations within Singapore
Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time. Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments. You can request more information about your situation from a lawyer. I used a bankruptcy attorney in Minnesota who helped me deal with my financial problems
