Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it’s not the best option for everyone. Many, or all, of the products featured on this page are from our advertising ...

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to ...

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Chapter 13 differs from Chapter 7, through which individuals can use Chapter 7 to wipe out all their debt entirely. Chapter 7 does have income limits that vary by state.

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Chapter 7 is the most common form of bankruptcy, as it allows individuals to erase most of their existing debt and start afresh. Unfortunately, Chapter 7 filers are often required to surrender ...

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