I filed chapter 7 at the end of 2007. Due to getting sick I have run up credit card debt. Can I file chapter 13. Is the equity in my home affected.
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I believe that you cannot get a "discharge" until 4 years has passed since the last one. So since you filed in 2007, if your plan ran 5 years, you might be ok. I would check with your attorney. And yes, the equity in your home would be protected. However, one of the rules of a chapter 13 is that the creditor HAS to receive what they would have received in a chapter 7, so in your case, if the equity is like 25,000 then your plan would pay out at least 25,000. -
I'm not sure if you could file a 13 for unsecured but maybe. It might give you the advantage of paying it back without having the high interest rate but you would still have to pay back 100% in the 5 year plan timeframe.Comment
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Chapter 13 - All debt Is Unsecured Credit Cards
Can I file Chapter 13 - "All debt Is Unsecured Credit Cards". Had a bankruptcy at the end of 2002. Is equity in house protected.Comment
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