Tag Archives: Chapter 13

Are stimulus checks really exempt from seizure by a bankruptcy trustee?

By doug | Published: April 9, 2020

If the government were to mail out free money, who should get first dibs on it — the recipient or his creditors? What would seem to be an inane question in normal times has become a live issue in the spring of 2020. To fight the massive economic repercussions of the corona virus shutdown, the […]

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How the federal stimulus law will affect Chapter 13 debtors

By doug | Published: April 7, 2020

In response to the unprecedented impact from business shutdowns ordered to battle the Covid-19 virus during the spring of 2020, Congress passed a massive $2 trillion dollar stimulus package in late March. The new bill, which was debated for about a week on Capitol Hill, was quickly signed in to law by President Donald Trump […]

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Extension of Chapter 13 plan payments may be possible through virus stimulus package

By doug | Published: March 30, 2020

The massive $2 trillion stimulus package enacted by Congress and signed in to law by President Trump on March 27, 2020 in response to the economic havoc wreaked by the COVID-19 pandemic contains a few passages that may ease the burdens of debtors in bankruptcy. Nicknamed the CARES Act, for “Coronavirus Aid, Relief, and Economic […]

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The difference between Chapter 7 and Chapter 13

By doug | Published: April 16, 2019

Chapter 7 or Chapter 13 Bankruptcy: What’s the Difference? When individuals file for bankruptcy, one of the first choices they must make is under which chapter of the Bankruptcy Code to file their case. In general, individuals choose to file either under Chapter 7 or Chapter 13. Each of these chapters provides its own set of rules […]

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Chapter 13 debt limits increase

By doug | Published: March 30, 2016

The upper debt limits for going in to Chapter 13 bankruptcy increased as of April 1, 2016. Chapter 13 debtors must have less than $1,184,200 in secured loans in order to qualify for relief. They also must have less than $394,725 in unsecured loans to qualify. The debt limits are adjusted automatically every three years, […]

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