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Tag archive for ‘bankruptcy basics’

    What is the Basic Difference Between Chapter 7 and Chapter 13 Bankruptcy?

    by Moderator on 1/21/10 | 1 Comment(s)

    This could be the topic of a book, so we’ll stick to the basics. In my opinion, the two biggest differences between chapter 7 and chapter 13 bankruptcy are (1) time and (2) the treatment of assets. TIME: A typical Chapter 7 bankruptcy usually lasts about three months whereas a chapter 13 plan requires a [...]