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Chapter 13 modifies your current debt payments to make them more affordable based on your income. Both should only be sought as a last ... When you file for Chapter 7 or Chapter 13 bankruptcy, ...
The latter is used for, but a bad idea, to pay for one's bankruptcy. "In 7, you have to pay for your bankruptcy upfront. In Chapter 13 you pay your attorney in that 3- to 5-year plan," said Lawless.
Most of the time unemployment benefits are protected from wage garnishment. In some cases, unemployment benefits can be garnished if you owe income taxes, student loan debt or child support.
An individual who is badly in debt can typically file for bankruptcy either under Chapter 7 (liquidation, or straight bankruptcy) or Chapter 13 (reorganization).In some cases, options may also include Chapter 12 (family farmer reorganization) and Chapter 11 (reorganization of a company, or an individual debtor whose debts exceed the limits for a Chapter 13 filing). [2]
Wages adjusted for inflation in the US from 1964 to 2004 Unemployment compared to wages. Wage data (e.g. median wages) for different occupations in the US can be found from the US Department of Labor Bureau of Labor Statistics, [5] broken down into subgroups (e.g. marketing managers, financial managers, etc.) [6] by state, [7] metropolitan areas, [8] and gender.
"We are in over our heads financially and would like to settle our debt with you. I can pay $0.10 on the dollar (it's a good idea to start low), if that doesn't work, we will very likely have to ...