Legal Question in Bankruptcy in Texas
Ch7 Vs Ch 13
what is the difference between filing chapter 7 and chapter 13- how long does each stay on your credit report
Asked on 10/15/01, 2:38 pm
1 Answer from Attorneys
Cole Fulks
Cole Fulks, P.C.
Re: Ch7 Vs Ch 13
Rather than repeat what somebody has written, I would suggest that you explore this site's resources for detailed information. Basically, Chapter 7 is "liquidation" of your debts, and Chapter 13 is "repayment". Bankruptcy filings remain on credit reports for 10 years, generally.
Answered on 11/22/01, 10:16 am
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