There are two courses that each debtor must complete in order to receive a discharge in Chapter 7 and Chapter 13 bankruptcy cases. The first course is a credit counseling course. This course must be completed before the bankruptcy case is filed.… Continue Reading
Chapter 13 bankruptcy reorganizes debt. Debtors commit to making a payment each month to a trustee for three-to-five years. In order to be successful in a Chapter 13 case, debtors have to learn how to budget their money. Payments are… Continue Reading
Student loans are typically not discharged in bankruptcy cases. Credit cards, on the other hand, can be discharged in bankruptcy. Recent graduates with large amounts of student loan debt may be tempted to use cash advances on credit cards in… Continue Reading
Children affect a Chapter 13 bankruptcy case in a couple of different ways. Children are expensive and as a result they affect a debtor’s disposable income. Disposable income is a term used in bankruptcy to describe a debtor’s ability to… Continue Reading
Disabled veterans who meet specific criteria are excluded from the means test in Chapter 7 bankruptcy cases. The test for exclusion from the means test has two parts. First, the debtor must be a disabled veteran, as defined in 38… Continue Reading