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Our Downers Grove Chapter 13 bankruptcy attorneys want you to know your options under Chapter 13 bankruptcy, and have written the following article to help you.
In Chapter 13 bankruptcy, the debtor pays off some or all of his or her debt through payment plans over the course of 3 to 5 years. There are typically 6 steps as a part of chapter 13 bankruptcy plan:
Our Downers Grove Chapter 13 bankruptcy team is here to help you understand repayment plans under a Chapter 13 filing. In this article, we cover the different elements and considerations that go into these potentially complicated payment plans.
There are a lot of aspects that go into determining Chapter 13 bankruptcy repayment plans. There are also different types of creditors under a Chapter 13 bankruptcy, and this article covers what kind of creditors there are and how they are treated differently under this kind of bankruptcy plan.
In this article, our Downers Grove Chapter 13 bankruptcy lawyers highlight the key differences between Chapter 7 and Chapter 13 bankruptcy, letting you know which one is right for your debt resolution.
While a Chapter 13 bankruptcy involves a repayment plan where debtors can pay off their debt in 3 to 5 years, a Chapter 7 bankruptcy involves using assets as collateral and discharging the debt.
Read the full article by our Downers Grove Bankruptcy attorneys to find out more of the difference between the two plans and find out which one would work for you!