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Chapter 13 Archives

Bankruptcy estate lays claim to inheritance money

Maryland residents who are considering filing for bankruptcy may be facing a new hurdle if they are expecting or have recently received a large inheritance. A new ruling out of the U.S. Court of Appeals for the Fourth Circuit states that debtors will be required to hand over inheritance money as part of their Chapter 13 bankruptcy cases. The court made the ruling in late October.

Student loan debt reaches $1 trillion

When people decides to declare bankruptcy, they can be sure that the proceedings will enable them to eliminate most or all of their credit card debt, medical bills and many other outstanding financial obligations. What they probably can't eliminate, however, is their student loan debt.

Chapter 13 bankruptcy filing made by Baltimore city councilman

In today's tough economy, many people are facing financial struggles, such as problems with debt. Debt struggles can strike people from all walks of life. Sometimes, when a person is facing major debt struggles, he or she will turn to the protection of bankruptcy. A personal bankruptcy can help a person move out from under heavy debt and move on with their life.

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