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