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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

You can consider filing for bankruptcy if you have overwhelming medical debt or persistent financial struggles. Bankruptcy can halt legal actions and start a fresh financial start. Various alternatives to bankruptcy are available. Bankruptcy is a legal process designed to help people overcome financial challenges.

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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

The court sells off your nonexempt assets and uses the proceeds to pay your creditors. The remaining qualifying debts are discharged, meaning you are no longer responsible for paying them back. Chapter 13 bankruptcy sets up a 3-5 year repayment plan to pay back a portion of what you owe.