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So you ask, “How many times can someone receive Chapter 13 bankruptcy?” Could that happen twice in their lifetime?

If you get rid of a credit card, you may get rid of the “Let me just swipe this and I can buy that fancy thing” mentality, and you actually have to pay cash.

Some people say “Oh, no”. You know I need a credit card.

So what are some items of misinformation that you have to dispel from time to time with the people that have concerns with credit issues?

The plan payment does. In Chapter 7, there is no payment.

We save people a lot of money by including their cars in the bankruptcy plan, not only from interest rate savings but from the low monthly plan payments, which are lower than what their car payments were.

So, what if someone simply has a lot of things to pay where car payments are what ended up getting him to that debt?

It’s important to know what debt is priority and what debt is non-priority.

What about back taxes that are owed to the IRS? Would Chapter 13 protect against that?

The lender actually won’t accept payments from you?