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The Basics of Chapter 7 and Chapter 13 Personal Bankruptcy – bidti.org

Posted on February 3, 2022 by Rochester Farmers Market

You can file bankruptcy. It’s crucial to get assistance from your lawyer in order to get someone to guide you as well as answer your questions. It’s possible that you are wondering whether you can make additional contributions to chapter 13, or chapter 11 or 13 or if I can switch to chapter 7. While this may result in a massive credit loss, bankruptcy may help you stay clear of being able to have your house foreclosed.

In the case of the individual with bankruptcy issues, there are two principal choices when it comes to filing bankruptcy. There are two main options for filing bankruptcy: Chapter 7 or Chapter 13. The Chapter 7 bankruptcy allows the trade of items so that creditors can get paid. It is still possible to keep your car, certain equity you have from your house, as well as items belonging to you personally. You can also create an installment plan using either an income-based Chapter 13 or a 100 percent plan. The option is available only to those with a steady income. ozgaoy2s8k.

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