What is the difference between a Ch 7 & Ch 13?

Ch 7 – This is what most people think of when they hear "bankruptcy." In a Chapter 7, you discharge all unsecured debt with no payback plan to creditors. *qualifications vary
     Ch 13- does the same thing a ch 7 does, but some people have a payback plan to the creditors. It will also help you stop a foreclosure, repossession, IRS garnishments, and many other financial situations.


Last updated 16 March 2010 08:21:48

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