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Bankruptcy

: The Debt Podcast

I Am In A Chapter 13?Can I Convert To A Chapter 7, I Don?t Like Chapter 13

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A chapter 13 bankruptcy is often viewed as a repayment or reorganization plan, while a Chapter 7 bankruptcy is called a liquidation.   In a Chapter 13, priority debts (back taxes, child/spousal support) are usually paid in full, followed by short-term secured debt (cars, arrearages on mortgages, property taxes, etc.) being paid, and then, if the Debtor’s [...]

Full post as published by The Debt Podcast on August 01, 2009 (boomark / email).

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