Faqs

The difference is quite simple. Chapter 13 involves consolidating your debt and paying it off over time.

It is a court order releasing a debtor from all of his or her dischargeable debts and ordering the creditors not to attempt to collect them from the debtor. A debt that is discharged is one that [...]

The filing of a Chapter 7 case usually stays or stops most lawsuits and attachments that have been filed against the debtor. A few days after a Chapter 7 case is filed, the court will mail a [...]

It is illegal for either private or governmental employers to discriminate against a person as to employment because that person has filed under Chapter 7. It is also illegal for local, state, or [...]

Both husband and wife should file if some of the debts to be discharged are owed by both spouses. If both spouses are liable for some of the debts and if only one spouse files under Chapter 7, [...]

Chapter 13 is usually preferable for the debtor who – (1) wishes to repay all or most of their unsecured debts and has the income with which to do so within a reasonable time, (2) has valuable [...]

Under Chapter 13, the court possesses powers to aid the debtor that private debt consolidation services do not have. For example, the court has the power to prohibit creditors from attaching or [...]

There are four methods of dealing with a secured creditor under Chapter 13: (1) they may accept the proposed plan, (2) they may be allowed to retain their lien and be paid the full amount of [...]

A person meeting the eligibility requirements may file under Chapter 13 if their business is not incorporated. A debtor who owns their own business is normally permitted to continue to operate [...]