When Chapter 13 is a Better Option than Chapter 7
Chapter 13 may not be your first choice for a bankruptcy, and many people wrongly assume that the monthly chapter 13 plan payments is...
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Lynn Wartchow
- Apr 13, 2016
- 2 min
The 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 Wartchow
- Sep 29, 2015
- 3 min
Minnesota Bankruptcy Courts Now Allow a Chapter 13 Debtor to Compel a Mortgagee Bank to either Forec
On September 1, 2015, the honorable Judge Michael Ridgway of the US Bankruptcy Court for the District of Minnesota joined several other...
Lynn Wartchow
- May 19, 2015
- 3 min
Debt Consolidation vs. Debt Settlement vs. Bankruptcy? What Can You Expect from Each and Which Optio
When facing mounting debts that cannot be repaid according to the regular monthly terms, one should consider all options for debt...
Lynn Wartchow
- Sep 18, 2014
- 2 min
2015 Chapter 13 Debt Limits for Bankruptcies filed through April 2016
Click 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 Wartchow
- Jul 17, 2014
- 3 min
More on Divorce and Bankruptcy...
More on Divorce and Bankruptcy: How do Child Support, Spousal Support (Alimony / Maintenance) and Property Settlements Impact either...
Lynn Wartchow
- Jul 10, 2014
- 4 min
What 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 Wartchow
- Jun 30, 2014
- 2 min
What 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 Wartchow
- May 20, 2014
- 2 min
Converting 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 Wartchow
- Feb 28, 2014
- 2 min
File Bankruptcy to Protect Your Wages and Other Earnings from Garnishment
From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...
Lynn Wartchow
- Jan 22, 2014
- 4 min
How 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 Wartchow
- Nov 26, 2013
- 2 min
Chapter 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 Wartchow
- Jun 26, 2013
- 2 min
What the Supreme Court Decision Overturning DOMA in United States v. Windsor Means for Bankruptcy La
In 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 Wartchow
- Jun 25, 2013
- 2 min
Converting 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 Wartchow
- Feb 15, 2013
- 3 min
What 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 Wartchow
- Jan 2, 2013
- 2 min
How 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 Wartchow
- Dec 12, 2012
- 2 min
Will 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 Wartchow
- Nov 30, 2012
- 3 min
Homeowners Associations and Bankruptcy: How Does Bankruptcy Affect My Condo or Townhome and My Assoc
The prevalence of condo and townhome development in the mid-2000s throughout Minneapolis and the suburbs was hit especially hard by the...
Lynn Wartchow
- Oct 31, 2012
- 2 min
Bankruptcy and Divorce: Some Payments in a Divorce Decree May be Dischargeable in Chapter 13
The rule of thumb is that bankruptcy will discharge most unsecured debts that are not taxes or domestic support obligations (which are...
Lynn Wartchow
- Sep 19, 2012
- 2 min
What 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....