What are some examples of situations where someone would need to think of filing a Chapter 13 instead of a Chapter 7?
One of the most common reasons for filing Chapter 13 is to stop a foreclosure sale. Other than foreclosure, usually people choose to do Chapter 13 because they have problems that can not be handled under Chapter 7. There are two broad categories of problems that sometimes aren’t resolved in a Chapter 7 bankruptcy: (1) Problems with assets and (2) Problems with debts.
Related Questions
- I received a discharge in a Chapter 7 Bankruptcy, but some debts that could not be discharged remain. Can filing a Chapter 13 help me with these debts?
- What are some examples of situations where someone would need to think of filing a Chapter 13 instead of a Chapter 7?
- What is the difference between Chapter 7 and Chapter 13 when filing for bankruptcy?
