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 ...

Chapter 7 bankruptcy typically wipes out debts faster, but may require liquidating assets. Chapter 13 involves a repayment plan and more property protection.

Chapter 13 is ideal for people who don’t meet the income requirements of Chapter 7. It’s also appropriate for people on the verge of foreclosure or repossession. Advantages of Chapter 13 include: ...

Chapter 13 may be the better option if you have a steady income but just need time and a structured plan to catch up. It can also help you protect assets that might otherwise be at risk in Chapter 7.

The most common types of bankruptcy are Chapter 7 and Chapter 13. This article breaks down these two options, including how they work, the pros and cons of each and how to file.

The most common types of bankruptcy are Chapter 7 and Chapter 13. This article breaks down these two options, including how they work, the pros and cons of each and how to file.

The most common types of bankruptcy are Chapter 7 and Chapter 13. This article breaks down these two options, including how they work, the pros and cons of each and how to file.

With bankruptcy, the amount of debt that you repay is set by law and not up for negotiation. You must disclose all of your ...

Chapter 13 vs. Chapter 7 bankruptcy. In Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” your non-exempt assets are sold to pay off creditors.