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There is a big difference between chapter 7 and chapter 13 bankruptcy. Generally speaking, chapter 13 bankruptcy is a type of Reorganization bankruptcy. It filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all.
What else can I help you with?
What is the difference between filed for chapter 11 and bankrupt declaration?
There are several different forms of BK...Chapter 7, Chapter 11 and Chanpter 13 are the main ones.
Is allen canning bankrupt?
They have filed Chapter 11
Why the former Kodak theater called Chapter 11 theater?
Chapter 11 means Bankrupt, or poor quality
Bankrupt a home equity loan?
If you lost the home or no longer own it you can do chapter 7 (if eligible) and have this debt eliminated. If you are still in the home and want to keep the home but reduce or eliminate the second look at a Lien strip through Chapter 13.
Did Vlasic go bankrupt?
In 2001, Vlasic filed for Chapter 11 bankruptcy protection
Did Highway Technologies in AZ go bankrupt?
Yes, Chapter 11 in the Delaware Courts.
Can a chapter 7 be filed with an open chapter 13?
A Chapter 7 can be filed with an open Chapter 13.
What can you file Chapter 13 on?
What is Legal to file Chapter 13 on ?
Is suzuki going bankrupt?
Yes, filed chapter 11 protection on November 5, 2012.
If you gave up a car in chapter 13 will you have to pay for it if the chapter 13 is dimissed?
if your chapter 13 gets dismissed can you buy a car
Is disability pay considered in chapter 13 debt repayment?
If by "disability pay" you mean payments to the bankrupt debtor by his/her employer (or an insurance company), it would be considered income, just like regular wages. If by "diability pay" you mean a debt of the bankrupt debtor to a disabled employee, that would be a chapter 13 debt and would be paid under the same terms as other debts of the small class. A small amount of unpaid wages are considered priority debts which are paid before the ordinary debts of the bankruptcy estate.
Can you keep your cars when you file for chapter 7?
Yes, in most cases, a person can keep their cars when they file for Chapter 7 bankruptcy. It will ultimately depend on the bankrupt court.
