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Differences and Similarities: Bankruptcy Chapter 7 vs. Chapter 13 in New York
Both Chapter 7 and Chapter 13 bankruptcy enable the petitioner to discharge several types of debts. However, they differ in some significant ways and carry their own eligibility requirements.
How Long Does it Take for Chapter 7 to be Removed From Your Credit Report in Watertown, New York?
What Are the Pros and Cons of Chapters 7 and 13 Bankruptcy in Watertown, New York?
Chapter 7 bankruptcy works well for low-income individuals seeking to discharge credit card or medical debt, while Chapter 13 bankruptcy serves those with regular monthly income to slowly repay a percent of their debts over three to five years.
Top Reasons People Choose to File Chapter 7 Bankruptcy in Watertown, New York
There are several reasons why someone may decide to file for Chapter 7 bankruptcy relief in Watertown, New York. The process is quick and efficient, allowing you to regain control of your financial situation.
What Questions Can I Expect When I File Chapter 13 Bankruptcy in Watertown, New York?
When you file for Chapter 13 bankruptcy in New York, the trustee will arrange a meeting of your creditors, where you will be placed under oath and asked several questions about your financial situation and your repayment plan. Read more about how to prepare for this meeting.
Can Student Loans Be Discharged if I File Chapter 7 Bankruptcy in Watertown, New York?
Several types of debt can be discharged under Chapter 7 bankruptcy, such as credit card balances, medical bills, and personal loans. Student loans are much harder to discharge, so discuss your situation with a caring Watertown, New York, bankruptcy attorney today.
Reasons to Consider Filing Chapter 7 Bankruptcy in Watertown, New York
Chapter 7 bankruptcy allows the petitioner to climb out of debt and secure the fresh start they need to feel hopeful about their future once more. Contact a skilled New York attorney today to learn more about the benefits of Chapter 7 bankruptcy.
Things You May Not Have Considered About Bankruptcy in Auburn, New York
The thought of filing for bankruptcy can be overwhelming. Reach out to a trusted and compassionate Central New York bankruptcy attorney to determine whether a Chapter 7 or Chapter 13 filing would best suit your needs.
A Primer on Chapter 13 Bankruptcy in Auburn, New York
Chapter 13 bankruptcy, also known as a “wage earner’s plan,” allows individuals with a regular income to establish a repayment plan to pay back their debts over a period of three to five years. Talk to a trusted New York attorney today to learn more about this option.
What Steps Should I Take Before Filing Chapter 13 Bankruptcy in Auburn, New York?
While the prospect of filing a Chapter 13 bankruptcy may feel intimidating and overwhelming, there are several steps you can take to prepare yourself for what lies ahead. Discuss your options with a trusted and compassionate Central New York attorney today.