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Navigating Chapter 13 Bankruptcy: A Guide to Repayment and Relief

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When facing financial difficulties, filing for bankruptcy can provide individuals and businesses with a fresh start. Chapter 13 bankruptcy is one option available under the United States Bankruptcy Code. While Chapter 7 bankruptcy involves the liquidation of assets to pay off debts, Chapter 13 allows debtors to create a repayment plan over a few years. The Purpose of Chapter 13 Bankruptcy Chapter 13 bankruptcy, or a wage earner’s plan, is designed for those with a regular income who are struggling to repay their debts. Read More»