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Why do people choose to file Chapter 7 over Chapter 13 bankruptcy?

April 26, 2017Bankruptcy Chapter 13 chapter 7 file people

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Why do people choose to file Chapter 7 over Chapter 13 bankruptcy?

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There are multiple reasons why people elect Chapter 7.Most people choose Chapter 7 because they have large payments that they cannot manage to pay down such as legal judgments or hospital bills. Some people file after long periods of unemployment when they are simply unable to pay their bills.