Legal Question in Bankruptcy in California
Chapter 7
what is the difference between chapter 7 and chapter 13 bankruptcy?
Asked on 3/04/09, 5:17 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
Re: Chapter 7
Simply put, in a Chapter 7, you discharge most or all of your debts. In a Chapter 13, you pay off all or a portion of your debts over a period of time, typically 3 or 5 years.
Answered on 3/04/09, 6:22 pm
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