Wednesday, April 7, 2010 as of 11:14 AM ET
Chapter 13 of the United States Bankruptcy Code, codified under Title 11 of the United States Code, governs a form of bankruptcy in the United States that allows individuals to undergo a financial reorganization supervised by a federal bankruptcy court.
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Dear Debt Adviser, I was operated on in an emergency room in 2010 for a burst appendix.
I was shopping for insurance at the same unfortunate time and had no insurance when I had the operation. The hospital promptly racked up a bill of $44,000 and sent it to a collection agency. A few days ago, the calls stopped from the agency. I do not know what my options are. Would they go to court and attach my paychecks? What is the best way to settle this with the hospital, as paying $44,000 in medical bills is almost next to impossible for me? -- StressedDear Stressed, Let's take a look at this. Even though health care costs are seemingly out of control, the bottom line is you did incur this debt. I know you didn't mean to or want to, but you did. This is precisely the type of situation that causes people major financial distress -- a large expense that is unexpected with no funds available to pay it.Now, I'll address your question of whether they'll take you to court for the large debt. First, ...Dear To Her Credit, Once wages are being garnished, can bankruptcy stop the wages from being garnished any longer? -- CharleneDear Charlene, Your wages are being gar...
Dear Dave,Our financial situation is pretty good now, and my husband and I feel it is time to start giving something back. There are several organizations we’re inte...
Like weight gain, most of us want to avoid accumulating debt. From retirees to new college graduates, the idea of debt management has become part of the strains Amer...
Dear Credit Care,My daughter and husband are jointly on a credit card. Most purchases are his, and he has since filed bankruptcy due to a stroke. Does this obligate ...
Dear Bankruptcy Adviser,We are three years into a Chapter 13 bankruptcy, and we have had issues with our house. We have fallen behind on our mortgage since filing, a...
Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. And like most creepy crawlies, it's not nearl...
Dear Credit Care,In March 2011, my husband and I filed Chapter 13, and it was approved by the courts. We are paying our monthly payments to the trustee and will cont...
Dear Credit Care,In March 2011, my husband and I filed Chapter 13, and it was approved by the courts. We are paying our monthly payments to the trustee and will cont...
Having bad credit, no credit or a personal bankruptcy filing doesn’t have to put a damper on your business dreams. Learn how you can bounce back.How much of a handic...
Dear Bankruptcy Adviser,I'm trying to weigh my options. I have about $13,000 in old debt (about 5 years old), about $7,000 in current debt (credit cards), and now I'...
Buying a home is a challenging goal for most hopeful homeowners. But for those who have experienced a bankruptcy, foreclosure or short sale, the hurdles are even hig...
Dear Bankruptcy Adviser,I have more than $60,000 in credit card debt and have a house with my wife. She is currently in school, so she does not have any income. She ...
More than 1.4 million Americans claimed bankruptcy during the preceding year as of September 2011 (the latest statistics available), punctuating the frustration many...
Dear Debt Adviser, I have a judgment where I owe $19,000 with interest. I don't have $19,000. I own a house with my boyfriend. My name is on the deed. How do I know ...
Dear Bankruptcy Adviser, I have equity in my home, and I was OK making payments. But I was in the construction business and could not keep up with what I owed. Now t...
Dear Bankruptcy Adviser, I just filed my fourth application for a modification with my lender because my rate is 7%, and I cannot afford the monthly payment. If they...
Dear Credit Care,Due to a reduction in pay, I have been unable to pay my credit card debt and have had three cards charged off, three on current payment arrangements...
According to federal court records, Chapter 7 bankruptcy filings outnumbered Chapter 13 filings more than two to one during 2011. Home foreclosures and insurmountabl...
Dear To Her Credit,My boyfriend and I are talking about marriage. I think he will propose soon. I filed for a Chapter 7 bankruptcy two years ago, but now I have no n...
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