What Is Chapter 13?

In 2011 there were nearly one million applications for bankruptcy protection.  Yet the notion persists that bankruptcy is an embarrassing process that will ruin any opportunity for financial well-being. Chapter 13 bankruptcy, often called the “wage-earner plan” or...

Recovery from Bankruptcy

We all remember General Motors’ bankruptcy filing in 2009.  And yet this story, which records GM’s record $7.6 billion (with a “b”) annual profit and its reemergence as the world’s largest auto maker, barely registers as a footnote. Americans love a comeback story, so...

The Chapter 13 Trustee

“God and I are not equals; I can’t bring a case against him.   We’ll never enter a courtroom as peers.  How I wish we had an arbitrator to step in and let me get on with life. . .to free me from this terror so I could breathe again.”-Job 9:32-34...

The Fuller Company

You don’t too often see a Sunbeam anymore You never see a Fuller Brush Man or a dinosaur The voice of reason rules with an iron fist Please forgive me if I’m not prepared to handle this   –          “Fuller Brush Man” by James McMurtry   Our economy is...

Credit Card Bills and Chapter 7 Bankruptcy

Ten years ago, when he was just staring out, Dallas resident Steve had a good income, a good credit score, and a mailbox full of credit card offers. Bankruptcy was something that never crossed his mind. Now, due to the economy, Steve has a lower income, a lower credit...