How can getting a high-paying job affect your bankruptcy debt settlement?
Jan Meriss Alfonso Assistant at Ascent Law LLC Chapter 13 bankruptcy Whether or not you will get a debt settlement after filing Chapter 13 bankruptcy depends on how much money you earn each month. For instance, if you earn more than the median income of your state, it may be impossible to get a debt settlement in the first year. Regardless, you can begin to rebuild your credit sooner and start paying off your debts more quickly. However, you must be careful and cautious when applying for new credit. It's best to avoid applying for new credit until you've been discharged. In the meantime, use the credit you have responsibly and pay off your balances every month. Debt settlement works best when all your creditors agree to work with you. In a chapter 13 bankruptcy, you may keep some assets. However, if you have a regular income, it's important to note that you cannot keep all your assets, including your home. In a chapter 13 bankruptcy, you will have to repay your debts over...