Lynn WartchowAug 21, 20182 minChapter 13When Chapter 13 is a Better Option than Chapter 7Chapter 13 may not be your first choice for a bankruptcy, and many people wrongly assume that the monthly chapter 13 plan payments is...
Lynn WartchowApr 13, 20162 minChapter 13The 2017 Chapter 13 Debt Limits (valid through 2019)For the 2019 debt limits effective April 1, 219, see here: The 2019 Chapter 13 Debt Limits effective April 1, 2019 Effective April 1,...
Lynn WartchowSep 29, 20153 minChapter 13Minnesota Bankruptcy Courts Now Allow a Chapter 13 Debtor to Compel a Mortgagee Bank to either ForecOn September 1, 2015, the honorable Judge Michael Ridgway of the US Bankruptcy Court for the District of Minnesota joined several other...
Lynn WartchowMay 19, 20153 minChapter 13Debt Consolidation vs. Debt Settlement vs. Bankruptcy? What Can You Expect from Each and Which OptioWhen facing mounting debts that cannot be repaid according to the regular monthly terms, one should consider all options for debt...
Lynn WartchowSep 18, 20142 minChapter 132015 Chapter 13 Debt Limits for Bankruptcies filed through April 2016Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The chapter 13 debt limits for all...
Lynn WartchowJul 17, 20143 minChapter 13More on Divorce and Bankruptcy...More on Divorce and Bankruptcy: How do Child Support, Spousal Support (Alimony / Maintenance) and Property Settlements Impact either...
Lynn WartchowJul 10, 20144 minChapter 13What are the Options for a Home Mortgage in Bankruptcy... What are the Options for a Home Mortgage in Bankruptcy: Can I Strip a Second Mortgage in Bankruptcy or Chapter 13? The answer is that it...
Lynn WartchowJun 30, 20142 minChapter 13What are the Bankruptcy Exemptions and Which Assets can be Protected in Bankruptcy?When filing either chapter 7 or chapter 13 bankruptcy, each individual debtor is allowed to exempt a limited amount of equity in real...
Lynn WartchowMay 20, 20142 minChapter 13Converting from Chapter 13 to Chapter 7: What’s Involved and Why Would You Convert?Life inevitably changes and things happen that may cause a chapter 13 debtor to no longer need or afford their original chapter 13 plan....
Lynn WartchowFeb 28, 20142 minChapter 13File Bankruptcy to Protect Your Wages and Other Earnings from GarnishmentFrom the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...
Lynn WartchowJan 22, 20144 minChapter 13How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners...How the 2014 Changes to Regulation Z (TILA) and Regulation X (RESPA) Impact Homeowners who are in Default on their Mortgage or in...
Lynn WartchowNov 26, 20132 minChapter 13Chapter 13 Debt Limits as of April 1, 2013 (also applies to 2014 bankruptcy filings)Click here to see the current Chapter 13 Debt Limits effective April 1, 2016 and valid through 2019. The Bankruptcy Code section 109(e)...
Lynn WartchowJun 26, 20132 minChapter 13What the Supreme Court Decision Overturning DOMA in United States v. Windsor Means for Bankruptcy LaIn a 5-to-4 decision in United States v. Windsor, the U.S. Supreme Court ruled today that married same-sex couples are now entitled to...
Lynn WartchowJun 25, 20132 minChapter 13Converting from Chapter 7 to Chapter 13: What’s Involved and Why Would You Convert?Conversion to Chapter 13 from Chapter 7 isn’t a death sentence for your bankruptcy case (see Chapter 13: Not Always a Gloomy Diagnosis in...
Lynn WartchowFeb 15, 20133 minChapter 13What Happens after the 341 Meeting of Creditors is Over?The answer to this depends on whether you have filed Chapter 7 or Chapter 13 bankruptcy. (Chapter 11 individual debtors also are required...
Lynn WartchowJan 2, 20132 minChapter 13How Are Non-Dischargeable Debts Treated in a Chapter 13 Bankruptcy?Non-dischargeable debts are those few categories of personal liabilities which can never be discharged in either form of Chapter 7 or...
Lynn WartchowDec 12, 20122 minChapter 13Will My Assets Be Protected in Bankruptcy? What Are the Bankruptcy Exemptions?Most people who file for bankruptcy are able to protect most if not all of their assets, including cash bank accounts, household goods...
Lynn WartchowNov 30, 20123 minChapter 13Homeowners Associations and Bankruptcy: How Does Bankruptcy Affect My Condo or Townhome and My AssocThe prevalence of condo and townhome development in the mid-2000s throughout Minneapolis and the suburbs was hit especially hard by the...
Lynn WartchowOct 31, 20122 minChapter 13Bankruptcy and Divorce: Some Payments in a Divorce Decree May be Dischargeable in Chapter 13The rule of thumb is that bankruptcy will discharge most unsecured debts that are not taxes or domestic support obligations (which are...
Lynn WartchowSep 19, 20122 minChapter 13What is the Median Income in Minnesota and How Does is Factor into Chapter 7 Bankruptcy?Qualification for Chapter 7 bankruptcy is largely determined by comparing one’s household income to the median income for their state....