What is the Difference between Chapter 7 and Chapter 13 bankruptcy? (Part 2)

What benefits are available when filing a Chapter 13 bankruptcy? Chapter 13 bankruptcy replaces your original obligation to pay debts with a repayment plan which you submit to the Bankruptcy Court for approval. One benefit is that the interest and fees on unsecured debt (credit cards and the like) stops at the moment of filing.

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What is the difference between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy?

Has your debt overwhelmed you? Maybe you lost your job, or have suffered a loss of income some other way? Perhaps, your Adjustable Rate Mortgage has skyrocketed with no end in sight? Before you decide on the option that is right for you, you ought to consult with an attorney about the available options including bankruptcy.

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Short Sale and Bankruptcy Options When Facing Foreclosure

A short sale is a sale of real estate, your home for instance, for an amount less than what you owe on it. In a Chapter 13 bankruptcy it may be possible to sell the house as a part of your Chapter 13 Plan. Ask your bankruptcy attorney if you qualify for a “super discharge” in chapter 13.

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Facing Foreclosure? Part 3: Special Forbearance and Partial Claim

Special Forbearance as an Option to Foreclosure: Under this foreclosure option you and your mortgage company negotiate and enter into an agreement which will allow you a temporary period of payment relief (90 to 120 days) and prevent a foreclosure.  … Read full article