Category Archives: Chapter 13

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How to Choose the Right Bankruptcy for Your Specific Situation

  One of the largest differences between Chapter 7 and Chapter 13 bankruptcy is that, with Chapter 7, most of your debts are discharged. Under Chapter 13, you get to live in the same way you’ve become accustomed to (for example, keeping your house and vehicles) and you pay back your debt over a longer……
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What if I Can No Longer Make My Chapter 13 Bankruptcy Payments?

Filing for Chapter 13 bankruptcy is one option if you are struggling financially. Under Chapter 13, your debt obligations get reorganized into a supervised monthly payment plan agreed on by your creditors. This payment plan generally lasts for a period between three to five years. Once your repayment plan is over, the remaining debt will……
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A Guide to the Different Chapters of Bankruptcy

If you’re on the verge, or even just considering the concept of filing for bankruptcy, understanding your options is an important step. People commonly hear about Chapter 7 or Chapter 13, but may not know the difference. The truth is the Bankruptcy Code allows for multiple different types of bankruptcy and understanding the difference between……
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Should I Be Worried About Going to My Meeting of Creditors?

Should I Be Worried About Going to My Meeting of Creditors? There’s no doubt that declaring bankruptcy is a tough choice to make. For many, it’s the only viable way to start over with a clean slate. In 2021 alone, more than 413,000 people filed for bankruptcy in the United States. Though most people who……
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The 3 Types of Creditor Claims in Bankruptcy in New Jersey

Filing for bankruptcy is an option many people take when they need to free themselves from financial hardship and get a fresh start. It’s not for everyone, but it’s more than helpful for those who qualify. When filing for bankruptcy, it’s important to know how the courts will treat your debts. When it comes down……
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