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Chapter 7 is a complete discharge of all dischargeable debts. Chapter 13 is a repayment plan of the debts under the bankruptcy court's supervision and protection.

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Q: What difference between ch 7 and ch 13 bankruptcies?
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What is the difference between ch 7 and ch 13?

Basically a Chapt. 7 BK is the liquidation of debts and the forfeiture by the debtor of non exempt properties. There are certain debts that cannot be discharged in BK. A Chapt. 13 BK allows the debtor to consolidate debts and make arrangements through the court for the repayment of such.


How long dose bankruptcies stay on your credit history?

10 years for a 7, 7 for a ch 11,13 (in general most states)


Can you go from ch 13 to ch 7?

Yes, you can covert a chapter 13 to a chapter 7 and vice versa.


Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make payments on a Ch 13 repayment plan in 10 months?

No. Once a chapter 7 bankruptcy has been discharged it is final.


Will converting a ch 13 to a ch 7 drop your credit scores even more or will the ch 7 discharge make the scores go up or stay the same?

Credit scores are calculated based on ALL the data in a consumer's file. It is impossible to predict the impact of one small piece of data without detailed information. A bankruptcy is a bankruptcy is a bankruptcy! Converting from one to another is irrelevant pertaining to the impact on ones credit scoring. All bankruptcies are damaging to one's credit for at least the ten year time limit (probably longer). This does not mean a person will never get credit,just that they will need to be diligent in rebuilding good credit history. After a period of time and effort lenders will be more accepting when the can be viewed as a better "risk".

Related questions

You are currently in a ch 13 im still unable to make your mortgage payments can you file ch 7 now?

No. You have to convert your c. 13 to a c. 7 or move to dismiss the c. 13 and then file a c. 7. You are not allowed to have two bankruptcies open at the same time. You should discuss this with your attorney or, if you are pro se (representing yourself), you should at least find out the problems and benefits of each choice.


What is the difference between ch 7 and ch 13?

Basically a Chapt. 7 BK is the liquidation of debts and the forfeiture by the debtor of non exempt properties. There are certain debts that cannot be discharged in BK. A Chapt. 13 BK allows the debtor to consolidate debts and make arrangements through the court for the repayment of such.


How long dose bankruptcies stay on your credit history?

10 years for a 7, 7 for a ch 11,13 (in general most states)


What is the difference between 2-hexene and 3-hexene?

The position of double bond is different. CH3-CH=CH-CH2-CH2-CH3 is 2-hexene CH3-CH2-CH=CH-CH2-CH3 is 3-hexene


What is the difference between CH-46 and CH-47?

They are bothe twin rotor aircraft. The biggest difference visually is the 46 has tricycle landing gear (1 nose wheel and 2 mains) and the 47 has Quad ( 2+2).


Can you go from ch 13 to ch 7?

Yes, you can covert a chapter 13 to a chapter 7 and vice versa.


What is the story about Sampson and delilah?

See Judges ch.13 through ch.16.


Can you leave a mortgage out of your ch 13 backruptcy?

No.


What are the release dates for Sister Sister - 1994 Ch-Ch-Ch-Changes 4-9?

Sister Sister - 1994 Ch-Ch-Ch-Changes 4-9 was released on: USA: 13 November 1996


Can your trustee convert your Ch 7 to a Ch 13 if he decides that you will have enough money to make payments on a Ch 13 repayment plan in 10 months?

No. Once a chapter 7 bankruptcy has been discharged it is final.


What book is sodom and gamorrah found in the bible?

Genesis ch.19. They also appear in Genesis ch.10 and ch.14, and Deuteronomy ch.29; and Sodom is mentioned in Genesis ch.13.


The weakest trans-directing ligand among I, CH, NH₂,OH- is :(a) OH-(b) I-(c) NH3(d) CH?

According to the checking of molar masses I found out that CH have a number of (13) which is low while the rest is above 13. Then, addup the numbers together, which is (12+1=13).