Bankruptcy Can Do So Much More Than Just Wipe Out Your Debts–But That’s Not A Bad Start
Chapter 7 gives you a fresh financial start by legally erasing your debts. That’s enough if your debts are simple ones.
unsecured debts
Can I Discharge Consolidated Debts?
Yes. If you are making payments to creditors under a debt consolidation plan, you still owe the debt until you have paid it in full. Thus, you can include your consolidated debts in your bankruptcy, and they will be discharged, assuming they are dischargeable on all levels.
Are you eligible for Chapter 13 Bankruptcy?
What is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is often referred to as a bankruptcy repayment plan. This type of bankruptcy enables wage earning individuals to propose a three to five year plan to repay their creditors. After the repayment plan commences, creditors are forbidden from pursuing other collection efforts against debtors. Chapter 13 is…