Credit and Bankruptcy News…:What to Expect After Chapter 13 Discharge
August 28th, 2007 | Published in Bankruptcy News and Info
Chapters 13 has been introduced as a type of bankruptcy filing for individuals with a fair income, keeping in mind their intent to pay their debts but are unable to do so in a timely manner. The underlying principle of Chapter 13 is to facilitate financially distressed individual debtors to propose and carry out a settlement plan under which creditors are paid over an extended period of time. Upon filing for Chapter 13 discharge a person can expect the following advantages and disadvantages. more…
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