Chapter 13 Bankruptcy Monthly Payments Based Upon Disposable Income

[NAME OF CLIENT], THE TWO MAIN FACTORS THAT CAN DETERMINE A DEBTOR OR DEBTORS’ MONTHLY CHAPTER 13 PAYMENTS, ARE THE DEBTORS’ ASSETS AND THE DEBTORS INCOME. DEBTOR OR DEBTORS’ ASSETS IN A CHAPTER 13 BANKRUPTCY, THE DEBTOR MUST PAY HIS OR HER UNSECURED CREDITORS AN AMOUNT EQUIVALENT TO WHAT SUCH UNSECURED CREDITORS WOULD RECEIVE IF THE DEBTOR FILED A CHAPTER 7 BANKRUPTCY. WHEN A DEBTOR FILES BANKRUPTCY, THE BANKRUPTCY ESTATE IS CREATED. THE BANKRUPTCY ESTATE INCLUDES ALL OF THE DEBTOR’S INTERESTS IN ANY PROPERTY. SUCH Read More +

The Duties Of The Chapter 7 Bankruptcy Trustee

We at The Weller Legal Group know how difficult it is to file bankruptcy. We are here to help you with making the Chapter 7 bankruptcy process easier for you and your family. In this article we are going to discuss a common question that we get asked and that is what are the duties of a Chapter 7 bankruptcy trustee. WHAT IS CHAPTER 7 BANKRUPTCY? Chapter 7 bankruptcy is the type of bankruptcy where a trustee is appointed to liquidate nonexempt assets to pay Read More +