What is the difference between chapter 13 and 7 bankruptcies?

Chapter 13 you have to come up with a repayment plan and has to be approved buy the court. You will have to pay a percentage of what you owe. Chapter 13 takes up to 5 years to pay off and stays on your credit report for 7 years.

Chapter 7 not like chapter 13 you don't have to go to court. In 7 you have Read the rest of this entry »