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main difference between Chapters 7 and 13 is that Chapter 13 debtors are
required to come up with a three to five year repayment plan that will
be supervised and facilitated by a court trustee as well as other agents
of the court.
Chapter 7 debtors generally simply have fewer debts once they are
discharged from their bankruptcy. Chapter 7 bankruptcy allows debtors to
simply wipe out many types of debt and start fresh with the ability to
collect new debt, though depending on the type of credit they may have
difficulty after completing Chapter 7 bankruptcy.
The best thing to do is perform some of your own research and find a
bankruptcy attorney that will guide you through the entire process. A
good bankruptcy attorney will not only assist you in choosing which type
of bankruptcy to file for, and guide you through the entire process, but
will also help you rebuild your financial wellbeing and life.
You’ll work best with an attorney that has a good relationship with
his or her clients. When you show up for your consultation, try to get a
feel for how well you ca communicate with the prospective attorney. Is
he or she open answering your questions?
Also, don’t pay for the consultation appointment in order to find out
if a prospective attorney will work out. A good bankruptcy attorney will
not charge you for a consultation.
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