How Nebraska Residents Can Make Debts Affordable Through Chapter 13

financial freedom written on puzzle piece This is the next post in my series on how the Chapter 13 bankruptcy process can benefit “sub-prime” borrowers in Nebraska. My last discussion looked at how additional mortgages can be “stripped away” through the process. In this article I’ll take a look at how one’s debts can be made more affordable through Chapter 13. Continue reading “How Nebraska Residents Can Make Debts Affordable Through Chapter 13”

Using Chapter 13 to Strip Away Additional Mortgages On a Nebraska Residence

Calculator and mortgage applicationThis is the next post in my series on how the Chapter 13 bankruptcy process can assist “sub-prime” borrowers in Nebraska. My last post discussed how residents can use the chapter 13 process to prevent the foreclosure of their home. In this post I will deal with another issue that is common to many homeowners – using chapter 13 to eliminate additional mortgages on one’s residence.

Continue reading “Using Chapter 13 to Strip Away Additional Mortgages On a Nebraska Residence”

Nebraska Residents Can Use Chapter 13 Bankruptcy To Save Their Home From Foreclosure

House with a foreclosure signThis is the next post in my series on how chapter 13 bankruptcy can assist “sub-prime” borrowers in Nebraska. My last two discussions dealt with how Nebraska residents can use chapter 13 to cram-down their auto loan and additional benefits achieved through chapter 13. In this article I will be addressing an issue that is still plaguing many Nebraska residents – how to save their home from foreclosure.

Continue reading “Nebraska Residents Can Use Chapter 13 Bankruptcy To Save Their Home From Foreclosure”

Nebraska Residents Receive Additional Benefits When They Cramdown Their Car Loans

Toy car and moneyThis is the third post in my series on how the chapter 13 bankruptcy process assists sub-prime borrowers in Nebraska. My last post discussed how one can keep their car and reduce the principal on an auto loan through chapter 13. In this post I will discuss additional benefits that stem from doing a “cramdown” of your car loan. These benefits include the fact that your loan will receive a lower interest rate and that your car payments can be made more affordable.

Continue reading “Nebraska Residents Receive Additional Benefits When They Cramdown Their Car Loans”

How Nebraska Residents Can Use Chapter 13 Bankruptcy to “Cramdown” Their Auto Loan

Model car and a keyThis is the second post in my series on how Nebraska sub-prime borrowers benefit from the Chapter 13 bankruptcy process. My first post provided a general overview of topics I will discuss in this series and also went over how one can afford an attorney in order to file bankruptcy. In this article I will delve into how into how one with an auto loan may be able to keep their car, and reduce their debt, by filing for bankruptcy.

Continue reading “How Nebraska Residents Can Use Chapter 13 Bankruptcy to “Cramdown” Their Auto Loan”

How Sub-Prime Borrowers in Nebraska Can Benefit From the Chapter 13 Bankruptcy Process

debtorCNBC recently reported that an increasing number of Americans are falling behind on their car loans. Interestingly, a large number of those behinds were those who are considered “sub-prime” borrowers with below average credit scores. Nebraska residents in this situation tend to have other financial problems as well. This is the first post in a blog series on how the chapter 13 bankruptcy process can assist those in Omaha, and anyone else throughout our state, in dealing with excessive debt.

Continue reading “How Sub-Prime Borrowers in Nebraska Can Benefit From the Chapter 13 Bankruptcy Process”