Chapter 7 Bankruptcy Information
Chapter 13 Bankruptcy--An Overview Of What To Expect
 What Are The Disadvantages Of Chapter 13 Bankruptcy?

While Chapter 13 can offer some real advantages to a debtor, there are significant disadvantages as well:
  1. A. Chapter 13 cases are now coming under greater scrutiny from the court and from the trustee;

  2. B. If a debtor has a significant increase in income midway through the case, monthly payments to the trustee may be increased as well;

  3. C. A Chapter 13 case requires a debtor to be "in bankruptcy" for at least three years, whereas a Chapter 7 case is normally concluded within four months;

  5. D. Lump-sum distributions, i.e., personal injury settlements, inheritances, etc.) received during the case normally have to be turned over to the trustee.
What Are The Advantages Of Chapter 13 Bankruptcy?
What Are The Disadvantages Of Chapter 13 Bankruptcy?
Do I Have To Appear In Court?
When Will I Receive A Discharge Of Debts?


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