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Chapter 13

There are other alternatives to straight bankruptcy.  Instead of a Chapter 7, let me tell you about Chapter 13, also known as reorganization or bill consolidation.  People who are usually not suited for this form of reorganization of their debts are current on their credit card accounts and they have a positive monthly cash flow, which means a little money left over each month.  These people, if something unusual or an emergency came up, they should check with their bank or credit union first.  Chapter 13 could be an option for the future if things got worse. 
However, if you are behind and feel like you are slowly sinking deeper into debt, this is an excellent opportunity for you to reorganize all of your bills into one low monthly payment.  I’m NOT talking about a loan.  Let me repeat that what I’m telling you about is a federal law, not a loan, which REQUIRES your creditors to take less money monthly over a longer period of time.  It is a POWERFUL law because it carries the weight of the U.S. Federal Government behind it.  Large corporations, banks, finance companies, credit card companies, skip tracers, repo-men and collectors all realize that under this form of debt reorganization you have the protection of the Federal Government and most scare tactics stop quickly. 
When you start this process, on your very first day, all of your bill collectors can be referred by you to Castle Law Office.  We then handle all threatening telephone calls and letters for you from your creditors from that day forward.  Most importantly for you, that means you will have peace of mind.  It also does a lot more.  It STOPS foreclosures.   It STOPS wage garnishments.  It STOPS the repossession of autos, trucks, RV’s and motorcycles.  It STOPS nasty calls.  It STOPS late charges, interest and penalties on credit card accounts, taxes and other loans.  It STOPS harassment for back child support. Would you like to pay back your student loans over the next three to five years?  Well, you can.  Chapter 13 contains the power to change your life.  You can lump almost every bill you have into one low monthly payment and a majority of the time, creditors are POWERLESS to do anything about it; they MUST accept your payback plan whether they like it or not.

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Blog for Chapter 13

• 3 Warning Signs that Your Mortgage Payment Could Get You in Financial Trouble
• Do I Have to Keep My Home if I’ve Already Filed a Missouri or Illinois Chapter 13?
• Hamilton v. Lanning: What This Case Means for You
• Massachusetts Bankruptcy Court Says ‘No’ to Attorney Fee Only Chapter 13
• Chapter 13 Bankruptcy & Wage Garnishments: How Do They Work?
• Can I Walk Away from My Home in Illinois?
• Is Obama’s HAMP Living Up to Expectations?
• My Wages Are Being Garnished for Child Support. What Can I Do?
• Calculating Chapter 13 Repayment in Missouri
• What’s Your Breaking Point for Debt?
• Will I go to jail for not reporting increased income in bankruptcy?
• What If I Don’t Make My Plan Payments? | Chapter 13 Rules in Missouri and Illinois
• Chapter 13 Rules: Can You Buy a Car During a Chapter 13 in Missouri or Illinois?
• What If I Ignore Objections to My Chapter 13 Plan? | Chapter 13 Rules
• What Happens If the Trustee Objects to My Chapter 13 Plan? | Chapter 13 Rules in Missouri and Illinois
• What If You Fail to Provide Tax Returns or Proof of Income to the Trustee? | Chapter 13 Rules
• What Happens if You Fail to File the Required Documents? | Chapter 13 Rules
• What Happens If You Don’t Do Your Credit Counseling? | Chapter 13 Rules
• How Does an Automatic Stay Give Me Protection from Foreclosure?
• What Are the Debt Requirements for Chapter 13? | Chapter 13 Rules

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Library for Chapter 13:

• How Much is Too Much for Your Mortgage Payment? | STL Bankruptcy Attorney   
  Description: The housing crisis in Missouri and the United States has taken its toll on homeowners. When will you need protection from foreclosure?
• 3 Problems with Short Sales that May Be Fixed | St Louis Foreclosure Attorney   
• After Filing a Chapter 13, Can You Walk Away from Your House?   
  Description: You may still want to walk away from your house even after you've gotten protection from foreclosure with a Chapter 13 bankruptcy. But can you do it?
• US Supreme Court Hands Decision on Chapter 13 Payments; Helps Debtors Everywhere   
  Description: In Hamilton V. Lanning, a debtor was given flexibility in her Chapter 13 payment plan after her income 6 months prior to filing was explained further. What does that mean for other filing Chapter 13 bankruptcy in Missouri or Illinois?
• Attorney Fee Only Chapter 13? Not Necessarily in YOUR Best Interest!   
  Description: Attorney Fee Only Chapter 13 bankruptcies will no longer fly in a Massachusetts bankruptcy court. What does that mean for people wanting to file Chapter 13 in Missouri or Illinois in order to pay their attorney fees?
• I’m Filing Missouri or Illinois Chapter 13 Bankruptcy. When Can I Stop Paying Creditors?   
  Description: If you have chosen to file with a St. Louis bankruptcy attorney, you may be wondering when you can put a stop to paying those pesky creditors--but be careful! The answer depends on your situation...
• How Does a Chapter 13 Bankruptcy Stop a Wage Garnishment?   
  Description: If you have a wage garnishment in Missouri or Illinois, you are probably wondering what you could do to stop it. Did you know that Missouri or Illinois bankruptcy may just be the answer you are looking for?
• Check Up: Loan Modifications in Missouri   
  Description: Loan modifications in Missouri certainly have not lived up to their expectations. And if you are looking for protection from foreclosure, it may be time to look at options other than Missouri loan modification...
• Hiding from the Repo Man? Here Are Some Other Options.   
  Description: If you're hiding from the repo man, you're probably in a somewhat desperate situation. But did you know that you can stop your repossession, stop hiding from the repo man, and get help with your debt?
• Will a Chapter 13 Help Me with Child Support?   
  Description: If you've fallen behind on child support, you probably already know how severe the consequences can be. They can garnish more from your paycheck than a typical creditor. However, there may be relief in sight...
• Do You Still Owe on Your House After Foreclosure?   
  Description: Walking away from your house in Missouri or Illinois may not be as easy as it seems. In fact, you may still have to pay on your mortgage even after you've lost your home.
• Can a Bank Refuse the Automatic Stay in a Chapter 13?   
  Description: When you are in debt, you feel as though your creditors are omnipotent. However, bankruptcy is more powerful than your creditors--and refusing an automatic isn't an option to almost all of them. Why?
• How Far Must I Be behind on My Bills to File Bankruptcy?   
  Description: It is easy to think that there is a certain amount of debt or time spent being behind that throws up a flag and tells us to file bankruptcy. Unfortunately, it isn't that easy. However, it may be easier than you think to decide when to file bankruptcy...
• Chapter 13 Rules #10: Reporting Changes in Income   
  Description: In your life after Chapter 13 bankruptcy, there are a few rules you must follow to get your discharge. So, why do you have to report any change in income?
• Chapter 13 Rule #8: Chapter 13 Plan Payments   
  Description: How is your Missouri or Illinois Chapter 13 plan payment determined? According to the Chapter 13 rules, there are a few factors that determine the amount and length of your payment plan.
• Chapter 13 Rule #9: What Do I Have to Do After My Plan is Confirmed?   
  Description: After your Chapter 13 payment plan has been confirmed, you are ready to start the life after bankrutpcy that you always wanted. But what Chapter 13 rules must you follow in Missouri and Illinois to have a successful bankruptcy?
• Chapter 13 Rule #7: Your Confirmation Hearing   
  Description: After your creditors' meeting (341 meeting), your Missouri or Illinois Chapter 13 payment plan is on its way to being confirmed by the Judge. But, first, you and your St Louis bankruptcy attorney must make sure that you are prepared to have your plan confirmed.
• Chapter 13 Rule #6: Making the Right Chapter 13 Plan   
  Description: According to the Chapter 13 rules in Missouri and Illinois, there are certain requirements you must meet in order to make a Chapter 13 payment plan that will be confirmed. But how can you make sure you meet them?
• Chapter 13 Rule #5: Going to Court in a Missouri or Illinois Bankruptcy   
  Description: During a Chapter 13 bankruptcy in Missouri or Illinois, you do have to make a court appearance. That court appearance, called a creditors' meeting, can be made much easier with the help of a St Louis Missouri bankruptcy attorney.
• Chapter 13 Rule #4: Documents to Gather before a 341 Meeting (Creditors’ Meeting)   
  Description: After your Missouri or Illinois Chapter 13 case is filed, you must gather a few more documents before you attend the creditors' meeting. Failure to collect this documents could result in a loss of the fresh start you'd been hoping for.

View All

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Frequent Questions for Chapter 13:

• I want to give up my home but I’ve already filed a Chapter 13. Is it still possible?
• Can I Walk Away from my House during Foreclosure?
• What Should I Do with a Foreclosure Notice?
  
  
• Is there life during—and after—Chapter 13 bankruptcy?
• Should I be worried about the national foreclosure rate expected for 2010?
• What happens after foreclosure in Missouri and Illinois?
• Can I refinance our home mortgage during bankruptcy?
  
  

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