Chapter 13 Bankruptcy: 5 Crucial Things to Know

This Chapter 13 Bankruptcy explained video's goal is to explain the process, costs, pros and cons, and alternatives. See how Chapter 13  bankruptcy compares to Chapter 7 bankruptcy. See how the Chapter 13 repayment plan is calculated.

Understanding why your Chapter 13 bankruptcy cost is crucial to understand and how the Chapter 13 repayment plan is calculated.

Below is everything that we cover including Chapter 13 tips and tricks.

Chapters:
0:00 Intro
2:17 Chapter 7 vs. Chapter 13 Bankruptcy Overview
3:50 How Much Does Chapter 13 Bankruptcy Cost?
8:18 Understanding Cost Before Chapter 13 Consultation
10:18 How Your Credit Report and Score are Impacted
11:09 How to File Chapter 13 Bankruptcy
15:42 Pros and Cons of Chapter 13 Bankruptcy
17:43 Chapter 13 Bankruptcy Alternatives
20:20 Should You File Chapter 13 Bankruptcy?
20:49 Conclusion

Here are some other videos and articles to be helpful:

#chapter13bankruptcy #chapter13bankruptcyexplained #chapter13bankruptcyprosandcons

[AscendFinance]

If you have any questions, feel free to give us a call at 833-272-3631!

[donor]

DONT do it … I’m 6 months in.. I wasn’t behind on anything … but thought it would be good to help me get out of endless payments of unsecured debt … I’ve paid 10k in lawyer and in trustee fees .. my mortgage payment is still made by me … the bank gave me a fee of $1325, and it cause me to be behind on my mortgage payments… and you only get disposable income ….. so you’re screwed … I pay $1610 a month .. that’s with my truck and unsecured… it’s BS … I’m now paying way more that ever.

[EnoreeAD]

Thanks for making this video, it was really helpful!

[Mymimemei]

I wrote out my Debt Snowball last week thinking I’m finally in a place where I can make some payments to get out of debt. Yesterday my bank account was wiped clean due to a levy. That was my rent and food. Plus any money that hits those accounts is gone. I have 0.00 and I didn’t even get a notice or subpoena.

[ROBERT]

Excellent video, thank you make other explained how to appeal an order to dismiss.

[sjCheramie]

My home is in foreclosure and the sale date is 9-14-22. My home was damaged during hurricane Ida. I lost my job as a result, I haven't been able to pass a physical since because of severe spinal problems. I'm currently in the process of fighting for my disability. The mortgage company has proceeded with foreclosure and said that they are holding the insurance money 45, 000 dollars. They told me that I should file chapter 13 but I literally can't even afford that. I'm in a position that I eat every other day because of the situation. I literally don't know where else to turn. I wish I could afford a single bullet

[calvinwilliams]

Thanks for the helpful info great video 🤝

[mtdfamily]

Hello,
My debt personal loan about 172k, my credit card about 23k
No property home, no car loan. My gross income about 7, 800 a month, net income about 4000.
My expense rental home 1000
My gas food… 500.
With a my daughter
I live in California.
Can you let me know if percentage success for chapter 7.
Thank you so much,
Tony

[brittanymyers]

Why does it take that long to discharge a chapter 13? Also, how do you build credit during the bankruptcy?

[aristotlep.]

Great video. Question, If I file ch13 and on a 100% payback, what are the chances of unsecured debt get dismissed and why?

[Jay-lp]

Hi. I have mortgage arrears that i just want to include with the chapter 13 plan. Can i pay the current mortgage directly to the mortgage company(exclude the current mortgage from chapter 13 plan) so that i can save money from the trustee cost?

[AlejandroSanchez-eqdz]

What’s the point if they’re making you pay everything back?

[mariomcgee]

Hi I’m currently in process of modifying my chapter 13 plan due to paying off early….how soon should I receive discharge? I paid my case off in March 2022 and still no discharge

[charleswoods]

Are all creditors notified of a chapter 13 filing or just the creditors that you owe?

[indiagragg]

Hello. I'm thinking about filing Chapter 13 Bankruptcy but I have two cars. One car is for my son to drive to work. The other car I really need to keep as well for myself. Is it possible to keep 2 cars and have the payment lowered? I'm in the state of Michigan

[lissettealvarez]

I need a new roof. My son is getting a loan in his name and I don't have to pay him back. Will this effect my chapter 13 plan.

[lasttake]

How many times can I file bankruptcy to keep my home from foreclosure?

[irmabeltran]

Can inflation change chp. 13 payment plan as my income no longer can compete with inflation therefore chp. 13 payment is no longer affordable

[julieschoolcraft]

Chapter 7 or nothing. But the problem is that if you are married but your spouse doesn’t want to file because your finances are completely separate, you can’t unless you include your spouse! I have no options because my spouse is not in the debt that I am. I’m taking care of my disabled son by myself and I have no choice.

[tyellowdragon]

I would advise break these up into videos and not just throw links down below. We want to listen not always read articles. Its YouTube not YouReadLinks.