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Chapter 13 Chapter 13 Bankruptcy: A Repayment Plan Chapter 13 bankruptcy reorganizes your debt rather than having it forgiven as it often does in a Chapter 7.For those who do not qualify for a Chapter 7, or who would rather the other benefits: stopping a foreclosure by allowing you the time to bring your mortgage current; by allowing the debtor to keep their assets and catch up on any debt that is not bankrupt-able. Free Consultation - Call 516-997-0999 Or Email us at ROBERT L. PRYOR: RLP@PRYORMANDELUP.COM
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Chapter 7 CHAPTER 7 BANKRUPTCY: FOR LIQUIDATION Chapter 7 (liquidation bankruptcy) is the one of the most common types of bankruptcy for individuals (not businesses).Depending on the state that you are living in, there are various things you will not be forced to sell to complete this bankruptcy, but largely the liquidation of all of