i have debt of 50,000.00 and need help
i want to file bankruty but i don't know wish chapt's are the best for me 7 or 13 .if anyone has been on chapt 13 or chapt 7 please let me know how that work .thanks.
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Last edited by Elchulo71; 12-23-2004, 10:19 AM. -
In a nutshell this is the difference between a 7 and 13.Originally posted by Elchulo71
In a chapter 7 you'll be petitioning to discharge all your secured/unsecured debts. In other words, you won't have to pay for your $50,000 debt. In a chapter 13 you'll have to repay your debts, via the trustee by a developing an amicable repayment plan with you and the creditors..
Click on the following link for a little more information about a chapter 7 and 13. http://bankruptcyforum.com/showthread.php?t=54
Good Luck!
Last edited by HRx; 12-23-2004, 10:31 AM.The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation. -
Possible help!!!
If your a home-owner call me , I work with bad credit!
Regards,
MattLast edited by HRx; 01-04-2005, 03:07 PM.Specialty FinancingComment
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