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Bankruptcy

Goss and Williams PLLC > Bankruptcy

Key differences between Chapter 7 and Chapter 13 Bankruptcy

[vc_row triangle_shape="no"][vc_column][vc_column_text]Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy There are two main ways to file personal bankruptcy under the U.S. Bankruptcy Code: Chapter 7 and Chapter 13 bankruptcy. Discover which type of bankruptcy may help you, then call Goss & Williams at 601-981-2800 to talk about your eligibility to file:[/vc_column_text][vc_empty_space][/vc_column][/vc_row][vc_row triangle_shape="no"][vc_column width="1/2"][vc_column_text] Chapter 7 (Liquidation)   Chapter 7 is commonly used when: You have little property except for the basic necessities like furniture and clothing. You have little or no money left after paying basic expenses each month-or you’re not even meeting basic expenses   Advantages of Chapter 7:  Most unsecured debts can be discharged (completely eliminated) The process moves quickly-you...

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