Legal Question in Bankruptcy in New York

bankruptcy laws

What does the different chapters mean, as far as my obligation of how much I pay back, if anything?


Asked on 9/24/08, 10:15 pm

1 Answer from Attorneys
Carlos Gonzalez Gonzalez Legal Associates PLLC

Re: bankruptcy laws

In chapter seven you are looking to discgarge all unsecured debt. with chapter 13 you are looking to pay down unsecured debt over time (usually 30 - 60 months) once the pay down is completed the remaining debt is then discharged...

you can find out MUCH information by going to sites like google/ yahoo and typing in 'difference between chapter 7 and 13 bankruptcy'

much luck, if you nee further assistance you may contact us at 212.709.8303

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Answered on 9/26/08, 7:11 am


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