Sometimes bankruptcy is a good decision. Sometimes it is not going to help you at all. Most of the time when a person thinks of bankruptcy they think of a Chapter 7 bankruptcy. This is, in a nutshell, when a trustee will essentially take a person’s assets (if any) and use the proceeds (if any) to pay off the […]
Do you know what the difference is between chapter 13, chapter, 11, chapter 7, and all other types of bankruptcy? Unless you are a legal expert, probably not. If you are facing the possibility of filing for bankruptcy, however, it is imperative that you understand the different classifications so you file for the correct chapter. […]
A Chapter 13 bankruptcy requires monthly payments for a period of 36 to 60 months. Contrary to popular belief, Chapter 13 bankruptcies are very effective and provide an affordable option for people to reduce and consolidate their debts. In many ways, a Chapter 13 is everything that a debt settlement should be and is, in […]
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