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However, not everyone can afford the payment plan, and thus many choose a Chapter7bankruptcy, which can more easily wipe out their debt. For those that choose a Chapter7bankruptcy, a reaffirmation agreement can help protect property from being repossessed as collateral. Some criteria must be met.
Whether you are filing for Chapter7 or Chapter 13 , we can assist you, both with the process of filing and even after your bankruptcy has been discharged. Credit Scores: What Happens When You File for Bankruptcy? The two primary types of bankruptcy are Chapter7 and Chapter 13.
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