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What are the differences in Chapter 7 and Chapter 13?

April 26, 2017Chapter 13 chapter 7 differences

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What are the differences in Chapter 7 and Chapter 13?

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Chapter 7 is usually used by come someone with large amounts of unsecured debt such as credit cards, medical expenses and old accounts. Chapter 7 gives you a fresh start. Chapter 13 is used by someone who is trying to save property such as an automobile or home. It is a payment plan bankruptcy.