Chapter 13 Bankruptcy

How to Deal with Debt Collectors (Part 2)

October 27, 2013

As a continuation of How to Deal with Debt Collectors (Part 1), the following is some further advice regarding what borrowers can do to empower themselves when dealing with debt collectors. While these tips on how to deal with debt collectors can help borrowers avoid being or feeling harassed by creditors, they can also help…
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Tips on Reducing Medical Debt to Avoid Bankruptcy (Part 2)

October 21, 2013

As a continuation of Tips on Reducing Medical Debt to Avoid Bankruptcy (Part 1), the following is some additional advice regarding what you can do to minimize the amount of medical debt you accumulate while still obtaining the medical care you need. Compare treatment costs against Medicare rates – According to a recent survey on…
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Tips on Reducing Medical Debt to Avoid Bankruptcy (Part 1)

October 20, 2013

Medical debt is one of the leading causes of bankruptcy filings in the U.S. (along with divorce and unemployment). In fact, many Americans are currently uninsured or underinsured because they are out of a job and simply can’t afford to pay for healthcare coverage. In the event these individuals are seriously injured or develop a…
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The Stages of Debt Delinquency and How to Avoid Them (Part 3)

October 10, 2013

Concluding the three-part blog The Stages of Debt Delinquency and How to Avoid Them, the following outlines the final stage of the vicious debt delinquency cycle, as well as what borrowers can do to stop the cycle, protect themselves and achieve a financial fresh start. Final stage of delinquency: Creditors take legal action against you…
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The Stages of Debt Delinquency and How to Avoid Them (Part 1)

October 6, 2013

With the slow, unpredictable nature of the economic recovery, as well as the fact that many people are still having a difficult time getting a job, it’s not uncommon for people to fall behind in paying their bills and face the danger of delinquency. Delinquency, also referred to as debt delinquency, is the state of…
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How to Spot and Avoid Credit Repair Scams

August 28, 2013

Although there are a number of reputable credit repair and credit counseling agencies that may be able to help you reduce your debt and improve your overall credit standing, unfortunately, there are also a number of unscrupulous agencies that can actually hurt your credit rating despite claiming that they will help you. For unsuspecting borrowers…
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Filing for Bankruptcy Can Stop Wage Garnishments

July 12, 2013

For borrowers who find themselves buried in debt, a common tactic that creditors use to try to urge these borrowers to make payments on this debt is threatening to – or actually – garnishing their wages. Unfortunately, however, wage garnishments can be financially crippling for borrowers who are already clearly having a hard time with…
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Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 2)

May 20, 2013

As a continuation of Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1), here are some additional circumstances that could make debtors eligible to petition bankruptcy trustees to alter their Chapter 13 bankruptcy plans. Debtors are hit with unforeseen expenses – While these expenses will not necessarily constitute new debt, they can divert…
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Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1)

May 18, 2013

When filing Chapter 13 bankruptcy, debtors work with their bankruptcy trustees to devise a realistic repayment plan that will theoretically allow them to repay their debts within three to five years of filing. However, a lot can change after a Chapter 13 bankruptcy plan has been approved and is in place, and debtors may have…
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