Bryan P. Keenan & Associates, P.C.
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Bryan P. Keenan

chapter 13 bankruptcy Archives

How can I ensure a successful Chapter 13 bankruptcy?

For Pittsburgh residents who feel as if they are drowning in debt, Chapter 13 bankruptcy might seem like an ideal strategy to get on stronger financial ground. This is undoubtedly true if the debtor takes the necessary steps to ensure the plan's success. Failure to follow through on the terms of the Chapter 13 could lead to its dismissal. To avoid this, knowing how to make the plan work is key.

What is a Chapter 13 bankruptcy hardship discharge?

When a Pittsburgh resident is struggling financially and is considering Chapter 13 bankruptcy, it is important to get good information and professional advice. There are benefits to Chapter 13 that make it preferable to many debtors when assessed in comparison to Chapter 7. For example, a debtor who uses Chapter 13 can retain certain properties without fear of repossession or liquidation. There will be three or five-year plan to repay the debt by sending payments to a trustee who will in turn send them to creditors. These are the basics. Since situations often differ, there are other factors that should be understood.

What is the role of the trustee in a Chapter 13 bankruptcy?

For Pittsburgh residents who are considered wage-earners and have property that they would like to retain but are in heavy debt with no viable alternatives to pay it, Chapter 13 bankruptcy may be a useful option to get back on stronger financial footing. There are many aspects of a Chapter 13 filing that should be gauged before moving forward with it. One that is not overtly problematic, but should be understood is the role of the Chapter 13 trustee. The trustee is integral to the success of the filing and cannot be ignored.

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Bryan P. Keenan & Associates, P.C.

993 Greentree Road
Suite 101
Pittsburgh, PA 15220

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