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Tag Archives: 13 bankruptcy chapter

Chapter 13 Bankruptcy Filings

According to this article, chapter 13 bankruptcy filings increased (along with other types of bankruptcy) in Vermont last year:
chapter 13 bankruptcy cases increased from 234 to 315 last year, a jump of 35 percent.
http://www.timesargus.com/article/20090102/NEWS01

Types of Bankruptcy

Generally speaking, there are 3 main types of bankruptcy:
Chapter 11: Corporate Reorganization.
Chapter 13: Consumer Reorganization
Chapter 7: Liquidation- both Corporate & Consumer.
Therefore, for most people looking to file for bankruptcy, they file for Chapter 7 in order to discharge some of their unsecured debts.
Look on the left hand collumn for our extensive posts on Chapter 7 [...]

More Car Info For Chapter 13 Debtors

In a follow up to yesterday’s post regarding cars & chapter 13 debtors…
This post deals with how the 9th Circuit is dealing with cars & Purchase Money Security Interests (PMSIs) in negative equity situations:
http://lawprofessors.typepad.com/
This negative equity reality may become more common as people try to trade in their SUVs for smaller vehicles in years to [...]