Tag Archive for: chapter 13 vs chapter 7 bankruptcy

Don’t Let Chapter 7 Bankruptcy Ruin Your Credit or Life!

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Have you thought about filing for Chapter 7 bankruptcy to free yourself from your debt burdens, and then wondered how it would impact your credit? If so, you’re not alone, as Chapter 7 bankruptcy filings are surging to record levels. We're often approached by worried homeowners who fear the impact of bankruptcy on their financial well-being. But what if there's an alternative that can save your credit and your peace of mind? This comprehensive guide offers insights and answers to help you navigate the tough decisions ahead.Read More

Chapter 13 Bankruptcy and Mortgages

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Chapter 13 bankruptcy is a legal process that allows individuals with regular income to reorganize their debts and develop a repayment plan over a specific period, usually three to five years. Unlike Chapter 7 bankruptcy, which involves liquidating assets to repay creditors, Chapter 13 focuses on creating a structured repayment plan while protecting your assets, including your home.Read More