Monthly Archives: November 2013

722 Redemption: A Valuable Chapter 7 Bankruptcy Tool

Many times consumers are overwhelmed with car loans in which they owe more than the actual value of the car.  One benefit of a chapter 7 bankruptcy is Section 722 of the United States Bankruptcy Code which offers consumers an … Continue reading →

Posted in Bankruptcy, Chapter 7 Bankruptcy, Debt | Tagged , , , , , |

The Jurisdictional Limits in a Chapter 13

Chapter 13 bankruptcy is the only chapter of bankruptcy that has limits on the amount of debt an individual can have to qualify.  Section 109(e) of the U.S. Bankruptcy Code establishes specific debt limits and limits chapter 13 bankruptcy to … Continue reading →

Posted in Bankruptcy, Debt | Tagged , , , , |