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Explained Pros and Cons of Bankruptcy Chapter 13
Chapter 13 offers a unique opportunity to repay and even reduce some of your debts via a reorganization plan – Which can be an absolute lifeline if you’re drowning in bills, missed payments and debt collection efforts. Generally, this bankruptcy chapter is an alternative to Chapter 7 that focuses more so on debt repayment in lieu of asset liquidation. In this article we’ll explore the inner workings of Chapter 13, including what it is, how it works, pros, cons and more. If you have additional questions about filing Chapter 13 bankruptcy or about the benefits of bankruptcy chapter 13, we’re… Read More