No need to be nervous. Lots of people have done this.

That's not only a myth, it's unsubstantiated. In the supermajority of Chapter 13 cases, the Trustee leaves you alone. Other than, in some districts, the requirement to send a copy of your tax return to them, the Trustee doesn't bother...

It will not likely change your ability to file a Chapter 7. However, it could help with your expenses in such a way that it allows you to qualify for a discharge under Chapter 7. The big thing with a Chapter 7 is your "disposable monthly income" (or DMI). I qualified for a Chapter 7 with...

I don't see any issues. In a Chapter 13, you just keep paying for the car (at the interest rate in your contract and for the term of your contract). So if you get a 7-year (84 month loan), that would exceed the 60-months of your Chapter 13. You would just pay it as normal.

A 60-month Chapter...

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Many of us here have learned that debt management programs (DMPs) nearly always lead to bankruptcy. It's not your fault for trying to pay our creditors. It's just that DMPs are usually just a delay of the inevitable. I know that there are successes with them, but bankruptcy...

That is the single problem I've always been concerned with when operating as a single-member LLC. Fortunately for me I am no longer in a single-member LLC. The problem with such an entity is when it becomes just an "alter ego" of yourself. We keep very good records and are sure not to commingle...

As despritfreya wrote earlier, there is usually no reason to file a Chapter 7 for a corporation (or LLC), because there is never a discharge in such a filing. I would think, as I've had several LLCs, that the only way I'd file a Chapter 7 for the LLC is only to have a Trustee liquidate the assets. That's...

Absolutely the best path forward. In fact, schedule a free consultation with 3-5 attorneys and pick the one that you like the most....

Reducing your expenses is always a good thing when you are or are near insolvency. Personally, if I could trade in a vehicle and get a different less expensive (dependable) vehicle, I would.

I was just mentioning that keeping the truck and boat would be difficult overall. However, and re-read...

If you're going into a Chapter 13 and it's not a 100% Chapter 13, then you're going to have trouble keeping the boat. If your car payment is over $588/month... it won't be too acceptable by the Chapter 13 Trustee. If the re-amortization of the vehicle over 5 years comes out less that drops the monthly...

You can try to see if 727 Redemption will do it. They are part of US Bank and deal specifically with bankruptcy. While they do both Chapter 7 and Chapter 13 redemptions and replacements, they seem more heavily on the Chapter 7 redemption side. The positive news is that they deal specifically with bankruptcy...

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Yes. It appears that you are done since your case is discharged. Congratulations! (Double check with your attorney but you completed your last payment, so it appears to me that you don't owe one-penny more.)

I agree with the others. Hang in there. Accounting with respect to a mortgage that was in arrears is frightening. Due to the way that the banking systems use "suspense" accounts, the use of escrows, and automated fees, a Chapter 13 bankruptcy wreaks havoc on the true balance of the mortgage....

​despritfreya what do you think about this issue? It would certainly make the strategy more complex if a creditor seeks to pierce the protections of the LLC....

Yes, but it is the Chapter 13 Standing Trustee that you need to contact. I tell every Chapter 13 debtor to immediately and with no delay contact their attorney whenever they have any financial issue. A change in income is significant and I would hope that you already contacted your attorney.
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A failure to maintain "financial responsibility" is a gotcha for anyone holding specialized licensing or positions of trust -- especially those in a fiduciary capacity. However, filing bankruptcy could be considered financial responsibility in that the debtor seeks to deal with his/her inability...

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Whether your Trustee, Plan, or District requires you to surrender a tax refund is too specific to the debtor, trustee, plan, and district. In the model plan here in Florida, it has language that requires surrender of any "refund" from a tax return. In other...

Congratulations!

For those with federal government security clearances, they do follow the rule under 11 USC 525(a). Just as Des points out, they can't fire you, or refuse to hire you, solely because of the bankruptcy. The reason that they fire (or won't hire) you is related to a failure to maintain financial respo...

Responses are in the other thread....