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A common misconception of a Chapter 13 bankruptcy is that you have to pay back all of your debt. What are the benefits and affects of filing Chapter 13 over a Chapter 7? Also a HUGE question: What happens when you default on a Chapter 13? Chapter 7 vs Chapter 13 Bankruptcy: 6 Crucial Things to Know

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Most of the clients I meet with initially tell me that they want to file a #Chapter 7 #bankruptcy or else they won't file. Chapter 7 The purpose of chapter 13 is to allow people with regular income to reorganize their debts usually in order to save a home from foreclosure.

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Chapter 13 Bankruptcy | Why Should I File For Chapter 13 Bankruptcy Instead Of Chapter 7? By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still

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What Are the Advantages of Filing for Chapter 13 Bankruptcy? | Your Bankruptcy Advisors Filing Chapter 13 Bankruptcy. Chapter 13 allows debtors to repay all, or a significant portion, of their debts in 3-5 years under a court-approved plan. What happens after you file a Chapter 13 Bankruptcy? #debt #law

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