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chapter 13 bankruptcy Archives

Chapter 13 bankruptcy help with a fresh financial start

Chapter 13 personal bankruptcy protection is important for struggling consumers to fully understand because it serves as such a valuable resource to consumers seeking debt relief from their overwhelming debt. Chapter 13 bankruptcy is a reorganization bankruptcy option for struggling consumers and homeowners with a reliable source of income to consider.

A closer look at the automatic stay during bankruptcy

Both primary types of personal bankruptcy protection, Chapter 7 and Chapter 13 bankruptcy, and including any type of bankruptcy relief, serves as a resource to help struggling consumers protect what they care about a enjoy a fresh financial start. The automatic stay that is associated with both types of personal bankruptcy protections, as well as business bankruptcies, can help provide valuable breathing room for the struggling consumer while they seek bankruptcy relief.

Can Chapter 13 bankruptcy help with foreclosure?

Personal bankruptcy options can help with the many concerns those facing overwhelming debt face. Those with overwhelming debt are also likely facing a significant amount of stress related to their debts, especially if they are facing the foreclosure process and the prospect of losing their family home.

How Chapter 13 bankruptcy may be able to help you

Chapter 13 bankruptcy is a personal bankruptcy option that allows the filing party to repay creditors according to a repayment plan developed with the help of the bankruptcy court. It differs from Chapter 7 personal bankruptcy because it does not involve the liquidation of assets but it is also important to keep in mind that it helps the filing party reorganize their debts so the amount they have to repay will also be worked out with the help of the bankruptcy court.

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