When you file for personal bankruptcy, you may have two options, Chapter 7 and Chapter 13 bankruptcy. If you qualify, Chapter 7 bankruptcy can eliminate most of your debt.
Category Archives: Chapter 13
Differences Between Chapter 7 and Chapter 13 Bankruptcy
An experienced Bronx bankruptcy attorney can review your debt and finances and determine if Chapter 7 or Chapter 13 is best for your situation.
Chapter 13 Bankruptcy Process
There is certain information you will need to gather before filing for Chapter 13 bankruptcy.
Chapter 13 Bankruptcy
The other common type of bankruptcy is Chapter 13 bankruptcy. This is also called “wage earner” bankruptcy, because you must have a regular source of income in order to file for Chapter 13 bankruptcy.
Chapter 13 Repayment Plan
Your repayment plan will describe how you plan to pay each type of debt. Arrears on your secured debts, like car loans and mortgages must be repaid 100% through the plan.