Wednesday, March 19, 2014

Choosing Between Chapter 7 And Chapter 13 Bankruptcy

Why Select Phase 7 over Phase 13? Very little non-exempt home that can be taken possession of by the personal bankruptcy trustee, liquidated then distributed to financial institutions Relatively low earnings Why Select a Phase 13 Insolvency Instead of Phase 7? Back due payments owed on house or vehicle with brewing repossession process looming. Several items of valuable home that would not be safeguarded by exceptions

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