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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. What Do the Various Kinds of Bankruptcy Entail? There are many intricacies that set Chapter 7 and Chapter 13 Bankruptcy apart. What does each one mean? What are the warning signs?

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file. Furthermore, in contrast to Chapter 13, Chapter 7 has no mandatory repayment plan.

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

However, it is important to note that student loans and child support are generally not discharged through Chapter 7. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file. Furthermore, in contrast to Chapter 13, Chapter 7 has no mandatory repayment plan.