- Category: Chapter 7, Chapter 13
- Published: Thursday, 17 December 2015 21:19
- Written by CBC
- Hits: 396
Many people find it overwhelming to grasp the topic of bankruptcy and the basic variations between Chapter 7 and Chapter 13 bankruptcy. Many Americans in debt will not know which type of bankruptcy is right for their specific situation. Be aware that the law handles both options in a different way. It is also essential that if you are thinking about bankruptcy, you should know these differences before proceeding. Both of them have nuances and complexities. However, there are distinct differences in how each are pursued.