The main difference between the two is the requirement under Chapter 13 that you use your income to pay down your debt over time, while under Chapter ...
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If you are deemed
ineligible to file Chapter 7 bankruptcy, another filing option that allows
individuals to reorganize their debt and retain many of...
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Chapter 13 bankruptcy is not an option for businesses and is
purely for individuals.
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Once you’ve decided that chapter 13 is the solution for your financial situation, you’ll want to know what you’re in for.
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Is your monthly car payment too high? Are you struggling to pay your monthly bills, and are in danger of falling behind or have already fallen behind...
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One of the most common email requests we receive is from consumers wanting to know the difference between Chapter 7, Chapter 11 and Chapter 13 bankrup...
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A debtor who is ineligible to file a Chapter 7 bankruptcy
may file a Chapter 13. Chapter 13
bankruptcy is a debt reorganization plan which all...
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Filing bankruptcy under Chapter 13 is usually done by individuals with
a household income greater than the median income for their state of
residenc...
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After filing for Chapter 13 bankruptcy, it may be necessary to file a motion
with the court. A motion is a request for the court to rule on a specifi...
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If you have become unable to pay down debt, and have fallen behind with
payments, you may be considering filing for bankruptcy protection. One
of th...
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Bankruptcy is a process for giving debtors a fresh start
while paying their creditors as much as reasonably possible. In a Chapter 13
bankruptcy, a ...
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Failure to complete payments in a Chapter 13 bankruptcy may result in discharge. In a Chapter 13 bankruptcy, individuals work through a process whic...
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A chapter 13 bankruptcy is also
called a wage earner's plan. It enables individuals with regular income to
develop a plan to repay all or part of th...
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Filing for bankruptcy is a life-altering decision that requires careful
consideration and weighing of options. Gone is the stigma of filing for
bank...
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The term "hardship discharge" is somewhat misleading--it implies that financial hardship is enough. However, it takes more than that; after all, you w...
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