123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Surviving Chapter 13 With The Help Of Jkb Financial, Inc. Services

By Author: Rochelle Gregory
Total Articles: 12

After working hard to make your dreams come true, it can be tempting to just relax and savor the fruits of your labor. After all, you’ve got everything you need and can afford pretty much anything you want, right? Not so fast; for all you know, the house of cards can come crashing down, especially if you’re in debt. Imagine what may happen if you look at your books and realize that you may have to file a Chapter 13 bankruptcy soon.

Under the United States Bankruptcy Code, chapter 13 allows debt-stricken individuals to proceed with financial reorganization through a trustee as directed by bankruptcy courts. Some Chapter 13 bankruptcies take between three to five years to settle. When you are forced to “do the 13,” but have no idea how to keep your creditors at bay, you can seek expert help such as reliable JKB Financial, Inc. services.

Making the Cut

A chapter 13 bankruptcy follows certain prerequisites. For instance, debtors should have undergone credit counseling from an approved counselor. Secured and unsecured debts must also be lower than the preset limit. Meanwhile, the trustee is empowered to set a ceiling for the debtor’s monthly living expenses, which the debtor’s income should meet.

Lifeline

In pursuing a Chapter 13 bankruptcy, it is essential that a debtor undertake protective measures through an experienced attorney. The Reform Act of 2005 increases bankruptcy filers’ likelihood of successfully lodging their petitions with help from a lawyer. Debtors can also consult debt relief specialists who can refer them to competent lawyers.

When assembling a Chapter 13 reorganization plan, the lawyer takes into account the nature of each outstanding debt and the debtor’s history of payments. The attorney will also assist clients when attending hearings and will formally present the reorganization plan to the creditors. In addition, the lawyer can answer creditors’ questions in relation to the plan.

A Chapter 13 bankruptcy can be a hard lesson in managing your finances. Yet if settled properly, you may find that it is never too late, especially when the settlement is undertaken with help from an informative JKB Financial, Inc. review. To learn more, you can visit chapter13-littleblue.blogspot.com.

Total Views: 54Word Count: 354See All articles From Author

Business Articles

1. Finding The Right Camera Bag Could Be Easy With The Discussed Tips
Author: Pricedesi

2. Contact The Right Audience And Executives With Pharmaceutical Companies Mailing List
Author: Jane Cannon

3. Understanding The Relevance Of Real Estate Services In 2018
Author: James Hopkins

4. Get Access To Highly Focused Quickbooks Users Email List
Author: Andrew Rayel

5. What Happiness Means To You- Certified Quantum Suc
Author: Christy Whitman

6. Some Very Basic Tricks To Get Your Accounting Right
Author: capecoralaccounting

7. Accounting Service For A Small Business Confirm A Smooth Running
Author: capecoralaccounting

8. Injured By A Drunk Driver Here’s What To Do
Author: 0

9. You Have To Visit The Bank's Site On The Web And Fill In The Application
Author: Brandon Jones

10. Bed Bug Treatment That's Effective And Affordable
Author: Steve Stein

11. Here Are 5 Tips That Will Keep
Author: 0

12. Here’s All That Your Angry Customers Want Your Business To Learn!
Author: Surabhi Joshi

13. Plastic Model Aircraft
Author: David1sport

14. An Ultimate Guide To Chlorinated Polyethylene And Its Properties
Author: Power2SME

15. Schramsberg Blanc De Blancs 2012
Author: 0

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: