The North Carolina Bankruptcy Information Blog

If, when examining your credit card debts, mortgages payments or other loans, you find you are in arrears, but also have regular income to catch up with those back payments (just not all at one time), you may find that Chapter 13 bankruptcy is your best first step in protecting your biggest assets and income. As such, filing a Chapter 13 bankruptcy stops creditor harassment and restructures your debt into a more manageable payment plan—allowing debtors like you to pay back what they owe over time, often at a percentage of the cost.

But what if you find yourself facing new debt following the establishment of your Chapter 13 plan?…

Part of understanding bankruptcy is knowing who the professionals are that you will meet and deal with along the way. From your attorney to even your creditors, it helps provide a solid foundation of comfort to actually understand the role of those who are playing a role in your financial future.

One of those individuals is the case Trustee, the most prominent member of the bankruptcy process. And, the involvement you have with the case trustee depends on which chapter of bankruptcy you are filing.

As you may know, the 2 main “chapters” are 7 and 13. Well over 95% of all bankruptcy cases filed are filed under Chapter 7 or Chapter 13.…