2020

The Pros And Cons Of Filing For Chapter 13 Bankruptcy

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Chapter 13 bankruptcy law offers petitioners an opportunity to restructure the debts they owe. This means that you might be able to convert something like $100,000 worth of debt into an $80,000 payment plan that you will have three to five years to finish. Pursuing a Chapter 13 bankruptcy, however, isn't a perfect choice for everyone. Before you make this decision, it's wise to learn about some of the pros and cons.

30 July 2020