Chapter 13 Bankruptcy vs. Chapter 7 Bankruptcy

CHAPTER CHAPTER 13 VS BANKRUPTCY BANKRUPTCY WHAT IS IT? DEBT REORGANIZATION ASSET LIQUIDATION THROUGH A DEBT REPAYMENT DEBT FORGIVENESS VIA PLAN LIQUIDATION OF ASSETS ADVANTAGES KEEP ASSETS DEBT FORGIVENESS "PAY WHAT YOU CAN RELIEF FROM CREDIT AFFORD" HARRASSMENT QUICK PROCESS (A FEW MONTHS) REMOVE 2nd OR HIGHER MORTGAGES DISADVANTAGES MORE EXPENSIVE MAY LOSE ASSETS TAKES 3-5 YEARS INCOME REQUIREMENTS CAN DAMAGE YOUR DOES NOT PROTECT CREDIT SCORE OTHERS