What Are the Differences Between Chapter 7 and Chapter 13 Bankruptcy?User Rating: / 0
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Being in debt can be a stressful,
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Bankruptcy can be a confusing process if you are going at it alone and many people are unaware that there are different options available when filing,
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Chapter 7 bankruptcy is referred to as a liquidation plan. In chapter 7 bankruptcy,
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A common question people have who are considering a chapter 7 filing is in regards to the loss of property. Generally, if a debtors property is subject to liens and mortgages that pledge the property to other creditors, those pieces of property are going to be given up. The Bankruptcy Code,
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Chapter 13 is called the wage earner’s plan and allows people with a regular income to develop a plan for repayment of debt. Under Chapter 13,
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While the differences are minimal,
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Finally,
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