Tag Archives: chapter 13 bankruptcy
Filing for Bankruptcy in Retirement
Retirement is supposed to be a time to relax and enjoy the fruits of your lifelong labor. Unfortunately, new research shows that retirees appear to be turning to bankruptcy more frequently to help them resolve their debts. A University of Michigan law professor documented the rise of retirees filing for bankruptcy over the last few […]
Chapter 13: What You Need to Know About Excluded Debt
Bankruptcy may be a “fresh start” but it may not leave the debtor completely debt free. Certain types of debts survive Chapter 13 bankruptcy and are not discharged. As a rule, the discharge releases the debtor from all debts provided for by the plan or disallowed, with the exception of certain debts. To the extent that they are […]
Medical Bills and Bankruptcy
A serious illness can result in serious medical bills. In fact, CNN reports that more than 60% of people who file for bankruptcy file because of overwhelming medical bills. Most of those who file for bankruptcy are middle-class, well-educated homeowners. And, three-quarters of the people with a medically-related bankruptcy had health insurance. It’s scary to […]
