What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy? #bankruptcy #chapter7 #chapter13

So you’ve got some debts and you want to discharge them but you don’t know if Chapter 7 or Chapter 13 is the right option for you. I’m south Florida attorney Ali Kassahun with Tropic Legal and I get asked this question all the time. Both Chapter 7 and Chapter 13 allow individuals to protect […]

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What are the main differences between Chapter 7 and Chapter 13 bankruptcy?

What are the main differences between Chapter 7 and Chapter 13 bankruptcy? The main difference between Chapter 7 and Chapter 13 is how assets are dealt with. – Chapter 7 results in the liquidation of any assets and the funds are used to repay creditors. – Chapter 13 provides protection for assets and debtors are […]

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Is there a trustee appointed in every bankruptcy case?

Not every bankruptcy case has a trustee. In chapter 7 bankruptcy, a trustee is appointed to oversee the liquidation of the non-exempt assets, turning them into cash and paying on a pro-rated basis. In chapter 13 bankruptcy, there’s a trustee who collects monthly payments and pays your creditors on a monthly basis. In a chapter […]

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What are the Benefits to Filing a Chapter 13 Bankruptcy? Seattle Attorney Eric Engel Explains

What are the benefits of filing a Chapter 13 bankruptcy? Hi. My name is Eric Engel. I’m a bankruptcy attorney with the Engel Law Group in Seattle, Washington. I get a version of this question on almost a daily basis. It’s usually, “Why should I file for a Chapter 13 when I can file for […]

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