Drowning in debt? Both Chapter 7 and Chapter 13 bankruptcy could offer relief, but they work very differently.

Chapter 13 bankruptcy can offer big relief to overwhelmed borrowers, but it comes with serious drawbacks, too.

Chapter 13 bankruptcy, often referred to as a wage earner's plan, empowers individuals with regular income to develop a strategy to repay all or part of their debts. It is a legal process that allows ...

Chapter 7 bankruptcy involves discharging debt through liquidation. Chapter 13 bankruptcy focuses on reorganizing debt through a repayment plan that typically lasts three to five years. Filing Chapter ...

Could your debt be reduced or forgiven? Take our financial relief quiz. The decision to file bankruptcy is a heady one, but then there is the question of which type of bankruptcy to file. You have ...

The former is available to all, while the latter is just for individuals J.B. Maverick is an active trader, commodity futures broker, and stock market analyst 17+ years of experience, in addition to ...

While the ideal goal is to rebuild your credit after a bankruptcy filing, you could find the need to file for personal bankruptcy again. There’s no limit to the number of times you can file, but there ...

The court could dismiss your case or change it to Chapter 7 if you’re late on your Chapter 13 payment. You can request a payment reduction or amendment if you’ve faced an unexpected financial hardship ...

Chapter 13 restructures debt into a repayment plan lasting three to five years and lets you keep assets like your home. Many, or all, of the products featured on this page are from our advertising ...