1
Which is more common bankruptcy Chapter 7 or Chapter 13? I would think Chapter 7 where all of your debts are essentially wiped clear. C Chapter 13, is more expensive and you still have to pay back your creditors what you can afford to pay in a 3 to 5 year period. Clearly, Chapter 7 has to be the more common one.

Which is more common bankruptcy Chapter 7 or Chapter 13?

Embed Size (px)

Citation preview

Page 1: Which is more common bankruptcy Chapter 7 or Chapter 13?

Which is more common bankruptcy Chapter 7 or Chapter 13?

I would think Chapter 7 where all of your debts are essentially wiped clear. CChapter 13, is more expensive and you still have to pay back your creditors what you can afford to pay in a 3 to 5 year period. Clearly, Chapter 7 has to be the more common one.