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Bankruptcy

: Bankruptcy Law Network

Bankruptcy under Chapter 7 and chapter 13 ? what?s the difference??

By David Leibowitz, Illinois and Wisconsin Bankruptcy

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Clients ask “What’s the difference between chapter 7 and chapter 13″?  Sometimes, they call chapter 7 “straight bankruptcy” or just “bankruptcy”.  Sometimes they call chapter 13 “wage earner plan” or “debt settlement plan” or “debt adjustment”.  Here’s what the National Association of Consumer Bankruptcy Attorneys advises you in general. Here are the most important features of chapter 7: It’s fast – read more

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Full post as published by Bankruptcy Law Network on May 08, 2011 (boomark / email).

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