Refinancing during Chapter 13 bankruptcy may seem out of reach, but it's possible under the right conditions. You just need to understand what it requires and work through the process. You need court approval In Indiana, you can't refinance a mortgage or take on new...
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Does Chapter 13 protect co-signers?
When you file for Chapter 13 bankruptcy, you may worry about how it affects your co-signers. A co-signer is someone who guarantees your loan, making them responsible if you cannot pay. Chapter 13 offers some protection for co-signers, but there are limitations you...
What if my income increases during my Chapter 13 bankruptcy?
Chapter 13 bankruptcy involves paying your debt through a 3-5-year payment plan. Filing Chapter 13 can be a preferable alternative to Chapter 7 if you have assets, such as a home or vehicle, that you do not want to lose. In Chapter 7 bankruptcy, you may potentially be...
Can you include student loans in a Chapter 13 bankruptcy plan?
Filing for Chapter 13 bankruptcy provides a financial lifeline for individuals who struggle with overwhelming debt. Many people wonder whether they can include student loans in a Chapter 13 repayment plan. Although managing student loans through bankruptcy presents...
What happens to co-owned property in Chapter 13 bankruptcy?
Filing for Chapter 13 bankruptcy can provide a way to reorganize debts and retain assets, but it may also have implications for co-owned property. Understanding how bankruptcy affects jointly owned property is important for both the filer and the co-owner. Impact on...
What is the average credit score after Chapter 13?
Filing for Chapter 13 bankruptcy can have a significant impact on your credit score. While the exact effect varies depending on your financial situation before filing, it’s important to understand what happens to your credit score after completing Chapter 13....
Protecting assets in Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy in Indiana can be a wise choice for those looking to protect their assets while managing overwhelming debt. Unlike Chapter 7 bankruptcy, which may require you to liquidate assets, Chapter 13 allows you to keep your property. This...
Will Chapter 13 bankruptcy take all of your money?
When facing financial trouble, considering Chapter 13 bankruptcy can be overwhelming. A common worry for many is whether or not it will wipe out all of your money. Understanding how Chapter 13 will handle your money can assist you in determining if it is the right...
Can Chapter 13 bankruptcy prevent a foreclosure?
Facing the prospect of foreclosure can be a daunting experience, triggering stress and uncertainty about the future of your home. In such challenging times, it is important to understand your options. One avenue to explore is Chapter 13 bankruptcy. It is a potential...
Could you refinance mortgage loans after filing for Chapter 13?
Paying off loans can be tough. Sometimes, it's so tough that people may need to file for Chapter 13 bankruptcy. This is a plan that helps people reorganize their debt, allowing them to repay some or all of their obligations in three to five years. As a homeowner, it...