Chapter 13 Bankruptcy: Individuals

Chapter 13 is a repayment bankruptcy.  It is utilized by individuals, and owners of sole proprietorships or other “mom and pop” businesses, not only to obtain a fresh start, but also to retain their assets and reorganize their financial affairs. For most individuals with debt problems, the major decision is whether to file for protection under Chapter [...]

The Importance of Paperwork

This story from New York brings a lesson to both debtors and creditors: sometimes the lack of proper paperwork stops a collections process/foreclosure.