Category Archives: Plan Payments

Cram Down In A New Light: What Does It Mean Under The New Law?

This article is limited to a cram down of an automobile, such as a car or truck in a Chapter 13 bankruptcy case.  The Bankruptcy Code in its current version has at least two statutes for Chapter 13 cram downs.   The first statute is 11 U.S.C. Section 506.  This section allows the debtor […]

North East Texas Bankruptcy Lawyer: Bankruptcy Overview-A Plan To Pay Creditors, Discharge Debt And Stop Forelcosure And Repossessions

By North East Texas Bankruptcy Attorney Brian Allen.  Bankruptcy law allows a debtor, who is unable to pay his creditors, to file for bankruptcy protection to stop creditors from collecting from the debtor and the debtor’s property (foreclosure, repossessions).  Chapter 11, 12, and 13 provide for the development of a plan that allows the debtor time […]

PLEASE CALL & EMAIL YOUR SENATORS NOW TO SUPPORT S. 61 SAVE OUR HOMES FROM THE BANKS

Stop whatever you are doing, gather staff, family, and friends, and take the one minute needed to have everyone you know do the following:
Phone AND email your Senator.  Say:
“Hi, I’m [Name] and I live in [town]
I’m calling to urge Senator  ___ to vote for S. 61.
Senator  ____ should stand up to the big banks and support […]

How Much Does It Cost To File A Chapter 13 Or Chapter 7 Bankruptcy

In the Eastern District Bankruptcy Courts, the local rules allow an attorney’s fee up to $3,500 for a chapter 13 reorganization bankruptcy, unless the attorney files an application with the Court for more attorney’s fees.  If an attorney files a written application for more than $3,500, then the Court must give its written approval of […]

Chapter 13 Reorganization

People who cannot car payments, and/or owe back house payments, back IRS taxes, back child support, delinquent property taxes, and others may file for protection under Chapter 13 of the Bankruptcy Law to stop foreclosure on their home, repossession of their car(s), to stop IRS wage and bank account levies, and tax liens on their […]