Switch to ADA Accessible Theme
Close Menu

Category Archives: Chapter 13 Bankruptcy

Debt9

The Difference Between A Secured And Unsecured Debt In Chapter 13 Bankruptcy

By Law Offices of Carol M. Galloway, P.A. |

One advantage of filing for Chapter 13 bankruptcy over Chapter 7 is that the former can help you get current with your secured debts. For example, if you fall behind on your mortgage payments but want to keep your house, a Chapter 13 repayment plan can help you accomplish that. Chapter 7 has no… Read More »

Facebook Twitter LinkedIn
Bankr10

How Do Chapter 13 Repayment Plans Work?

By Law Offices of Carol M. Galloway, P.A. |

One of the key differences between a Chapter 7 and Chapter 13 bankruptcy filing is that the latter requires the debtor to come up with–and follow–a repayment plan. In Chapter 7, a debtor’s nonexempt assets (if any) are liquidated and used to pay back creditors, with any remaining debts discharged by the court. This… Read More »

Facebook Twitter LinkedIn