What’s the difference between a Chapter 7 and a Chapter 13 bankruptcy?

Submitted by Anonymous (not verified) on Fri, 04/26/2013 - 16:42
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Chapter 7 is a liquidation fresh start type of bankruptcy whereby a person who has very little in the way of assets and a lot of unsecured debt can file a Chapter 7 and get a fresh start.  Under Chapter 7, debtors typically keep all of their properties such as houses, cars, personal belongings provided+ Read MoreThe post What’s the difference between a Chapter 7 and a Chapter 13 bankruptcy? appeared first on David M. Siegel.