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 [...]
