Why do individuals choose Chapter 13 over Chapter 7?
When individuals choose to file for bankruptcy, they must often consider which type of bankruptcy filing is best for them. The better bankruptcy filing option will often depend on the filer’s needs and financial situation.
Many individuals who want to keep their home or car may choose Chapter 13 bankruptcy protection. Under Chapter 13, they often will have the opportunity to repay some or all of their debts over an extended period of time. With this extension, Chapter 13 bankruptcy filers are often able to keep their home and car.
Similar Posts:
- Study: Minorities File for Chapter 13 More than Whites
- Great Tips On Joining Together Your Personal Debt With Success
- Personal bankruptcies drop in 2011
- Inherited Money in Bankruptcy
- So What Is Personalized Liquidation
Leave a Reply