Do you have a secured loan with a co-signer? When you file Chapter 13 bankruptcy there are a few ways that you can minimize or even eliminate future creditor actions against your non-filing co-signer. Here are your options:

You can return the property to the lender. For example, if you and [...]

In the Chapter 13 bankruptcy case of Cobb, Sean C. and Cathy S., the bankruptcy court agreed with a creditor that the debtor’s plan should not be approved.

The details of the bankruptcy case:
Early in September 2008, the debtor purchased a 2009 Chevrolet Malibu from a dealer. He took possession of the car on the same [...]

When a debtor purchases a product with credit, the creditor has a secured interest in the property. What that means is that anything you buy with credit, including furniture, vehicles, jewelry, electronics, computers, clothes and books can be treated as a secured item during bankruptcy.  For example if you purchased a $3,000 laptop using your [...]

If you’ve been hanging around any of the debt or bankruptcy forums, you’ve probably run across the phrase “judgment proof.”  But does it really mean? When a debtor is judgment proof, it usually means that he/she does not have assets that can be liquidated even if a creditor has a judgment against the debtor.  For [...]

Many debtors considering bankruptcy have a lot of questions about what they should do, what they should expect and how a bankruptcy filing will impact their credit and financial future.  Where here are five things you should know about bankruptcy before you file.
1. Filing for bankruptcy will stop all creditor [...]

In the bankruptcy case of Phillips, James T. and Shelly M.; In re (Whitney National Bank v. Phillips), the bankruptcy court ruled that the debtors could not pursue their claim against the lender because the claim arose before they filed for bankruptcy and had not been abandoned by the bankruptcy trustee.
The details of the bankruptcy [...]

Threatened or impending lawsuits can often prompt consumers on the verge of financial disaster to take a serious look at something they’ve been trying to avoid–declaring bankruptcy.

According to an article in the Star-Telegram, despite the growing foreclosure crisis, the nation’s largest banks such as Goldman Sachs and JPMorgan Chase have not changed their reckless behavior.  Many of the banks who have received tens of billions of dollars in federal bailout money are still up to their old tricks and risky [...]

Filing bankruptcy can be extremely hectic and many debtors make mistakes with their filing.  One of the most common bankruptcy mistakes is forgetting to list a creditor on the bankruptcy filing.  Let’s take a look at what happens when you forget to list a creditor on your bankruptcy filing:
#1 – If your bankruptcy has [...]

YouTuber stages debtor revolt after Bank of America hikes her credit card’s interest rate up to 30 percent. The YouTuber says that she tried to negotiate with her credit card lender; but they refused to budge.  She’s paid her credit card bills on time; but still they refused to negotiate AND they transferred her [...]

In the bankruptcy case of Killian, William E. and Rose Mary; In re (Killian v. Green Tree Servicing LLC) the bankruptcy court dismissed two debtors claim that they were harmed by a creditor when the their personal information was included in a proof of claim.
The details of the bankruptcy case:
“The debtors alleged that Green Tree [...]