Chapter 7 and Chapter 13 Bankruptcy Overview I’ve come across multiple individuals that are not happy with filing a Chapter 13 bankruptcy, and, oftentimes, this is due to a lack of proper explanation of the differences that exist between these two bankruptcy types. From what we observe, mos...
Chapter 7 The “liquidation” plan discharged most unsecured debts. Discharge means the judge removes the legal obligation to repay the debt. However, the debt itself remains, as do the collateral consequences, like a property or credit lien. A Georgia bankruptcy lawyer must address such collateral...
What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?Dustin Bower
When facing bankruptcy, seek the guidance of a skilled attorney. I am here to inform you of your options and help you work toward the fresh start you need.
What isChapter 13Bankruptcy? In Chapter 13, the person proposes a Plan to the court to pay debts over an extended period of time, usually 3 years, but 5 is often allowed. The debtor sends one payment in each month to a court trustee who in turn pays each creditor. While in a plan ...
The differences between Chapter 7 & Chapter 13 bankruptcy. The two types of bankruptcy available to most consumers are: Chapter 7 & Chapter 13. A Chapter 7 is quick – the typical case lasts about three months. It is known as a liquidation bankruptcy because un-exempt property can be “liq...
In this lesson, define Chapter 7 bankruptcy, and explain the Chapter 7 bankruptcy qualifications, Chapter 7 bankruptcy rules, and Chapter 7...
Chapter 7 bankruptcy enables you to release unprotected financial obligations such as credit card expenses and clinical bills. In Phase 7, it fasts as well as fast; however you do not need to file if you have significant residential property, have previous transactions that might create concern,...
Struggling with debt in Texas? Let us help you get a fresh start. Get help with Debt Relief, learn which Chapter 7 & 13 of bankruptcy is right for you.
Chapter 13 gives filers who make too much money to be considered for Chapter 7an easier alternative to Chapter 11. Filing for Chapter 13 bankruptcy may also protect anyco-signersof the debtor's loans from being held responsible for them.1 ...