| Address: | 410 NJ-57, Washington, NJ 07882, USA |
|---|---|
| Postal code: | 07882 |
| Phone: | (908) 379-7705 |
| Website: | https://chapter7andchapter13.com/contact/ |
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Chapter 7 and 13 bankruptcy each offer different benefits to filers. Chapter 7 is a liquidation bankruptcy that wipes out most of your general unsecured debts such as credit cards and medical bills without the need to pay back balances through a repayment plan.
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Chapter 7 and Chapter 13 cases are designed to accomplish different goals, and they accomplish those in different ways. A straight Chapter 7 is a relatively short term, four to six-month process in which the debtor (you) receives a discharge in exchange for any non-exempt property you may have.
Bankruptcy education by Denver Colorado attorney Kevin Heupel discusses the diffrences between chapter 7 and 13 in terms of what debts are discharged.
How Are Chapter 13 Bankruptcy Trustees Compensated? Since Chapter 13 isn't a liquidation bankruptcy, the trustee doesn't receive a commission from selling your property. But the Chapter 13 trustee is entitled to a certain percentage of your monthly plan payment as compensation for...
How much is Chapter 7 and 13 bankruptcy attorney fee? However, you have no obligation to use their services. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Though the names chapter7 and chapter 13 look like having been taken from a book, they become extremely important for a person who is passing through a very bad financial phase. When a person is debt ridden and cannot repay his loans, he can file for bankruptcy under either of the two chapters.
Bankruptcy Chapter 7 bankruptcy Chapter 7 bankruptcy means test Chapter 13 bankruptcy Debt Bankruptcy liquidation Secured debt Bankruptcy and This video discusses some of the differences in Chapter 7 and Chapter 13 bankruptcy. If you need any more information, feel free to call us for a free...
Chapter 7 and Chapter 13 Bankruptcy A person who is not able to pay his debts usually files for bankruptcy. Chapter 7 and chapter 13 are the two types of bankruptcy that are normally filed by...
Typically, individuals file Chapter 7 or Chapter 13 bankruptcy (Chapter 12 is generally reserved for farmers and fishermen while Chapter 11 is usually for "Each Chapter has its own advantages and disadvantages," longtime bankruptcy attorney Bernd Stittleburg of Duluth, Georgia, tells Team Clark.