Why Chapter 13 Is a Good Idea: Outcomes and Measures of Success

-

Link to Post:

Recently Upsolve printed an article titled: “Why is Chapter 13 Probably A Bad Idea” by Jonathan Petts, July 27, 2023.

In a nutshell the article says an unsuccessful Chapter 13 can leave you in worse financial shape. Further it states that it costs more than Chapter 7 and is less likely to be successful. Additional points by Upsolve are: Chapter 13 has a failure rate of 67%, Chapter 13 may worsen finances, it is a myth that you get to keep your stuff, and it is also a myth that Chapter 13 usually . . .

It looks like you are not signed in or registered! This content is only available to members.

Or sign in below:

Academy-emeritus-Logo-gold3

The NACTT Emeritus Trustees

Former Chapter 13 Standing Trustees

The NACTT Emeritus Trustee Committee is made up of former Chapter 13 Standing Trustees from all over the country: Michael Joseph, Isabel Balboa, Carl Bates, S.J. Beaulieu, Carl Bekofske, Herb Beskin, Chuck DeHart, Pete Fessenden, Mike Fitzgerald, Barb Foley, Nancy Grigsby, Mary Grossman, Jan Hamilton, James Henley, Howard Hu, Jan Johnson, Jeff Kellner, Tom King, Debbie Langehenning, John Logan, Judge Brian Lynch (retired), Mike Macco, Mike Meyer, Bill Miller, Denise Pappalardo, Frank Pees, Jan Sensenich, George Stevenson, Jon Waage and Robert Wilson.

 

 

 

Related Articles

Academy-emeritus-Logo-gold3

Do Not Despair: The Challenge of Declining Chapter 13 Caseloads

October 20, 2024
We asked our NACTT Emeritus Trustees to comment on the troublesome trend of fewer chapter 13 case filings. Years of experience provides helpful insight for trustees and consumer bankruptcy attorneys.
View Article
Members

Arbitration in Bankruptcy: Reading Opinions & Tea Leaves in Recent Supreme Court & Lower Court Actions

March 10, 2019
By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN) PART III: The Lower Courts Struggle with Arbitration Guidelines Introduction Click here for Part I Click here for Part II
View Article
Members

Extensions of CARES Act Provisions By COVID-19 Bankruptcy Relief Extension Act of 2021

April 4, 2021
The CARES Act, Public Law 116-136 had amended several parts of the Bankruptcy Code, but included sunset provisions terminating March 27, 2021. The COVID-19 Bankruptcy Relief Extension Act of 2021, H.R.1651, passed by the House and Senate and signed by the President on March 27, 2021, extended some provisions for another year. Section 1113 of the CARES Act had amended...
View Article
image002

Interns: Musings of a Chapter 13 Trustee

June 30, 2024
The NACTT's Inclusion and Acceptance Committee promotes Chapter 13 Trustee internships through the Tom Vaughn Memorial Internship Program, providing significant benefits to interns.
View Article
leffler4

How My Law Firm Learned to Stop Leaving Money on the Table Part 4 – Making Willful Stay Violations Pay Off

June 12, 2022
In this series of articles, I’ve described how my firm developed a litigation practice area to generate revenue that isn’t dependent on new bankruptcy cases. As debtor attorneys around the country wait for bankruptcy cases to return to pre-COVID levels, I hope these articles might inspire others to create income for themselves while obtaining valuable remedies for their clients. Today,...
View Article
Members
William-1_print_2019

Advising Consumer Clients About Credit Scoring – Some Questions

September 10, 2023
“We have observed consumers who seem to be focused principally on their credit scores, . . . rather than focusing on . . . a more critical immediate focus on their balance sheets . . .”
View Article
Members
IMG_7573

Amending or Modifying that Chapter 13 Plan? Don’t be Pedantic, Just Do It!

August 11, 2024
“The obvious struggle for the Court will be the effort to balance their definition of modify, with their passing comments on a debtor’s ability to change their plans during the case.”
View Article
Members
Copy of Hildebrand-2016

Fast Track to Freedom: Judge Greenlights Early Payoff

January 5, 2025
Chapter 13 debtor has the right to modify a confirmed Chapter 13 plan to pay off the plan early; at modification the “best interest of creditors test” applies to the modified plan as of the effective date of the modification.
View Article
Members

Consumer Foreclosure Procedures

October 23, 2020
View Article
Hayes Jury

Musings from a Hapless BAP Law Clerk: Part 2 – Finding the Right Case to Appeal: Finality and Standing

June 22, 2025
This week, Attorney Hayes brings readers an excellent outline on finality and standing. “. . . . final order is a strange animal in the bankruptcy world.”
View Article
Members

Looking to Become a Member?

ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.

Webinars

These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.

Member Articles

Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.

Industry News

The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.

To get started, please let us know which of these best fits your current position:

Attorney
Trustee
Non-Profit
Government