Chapter 7 and Chapter 13 bankruptcy are two options that apply ... obligations are paid in full in the plan while credit cards, personal loans and medical bills can be paid pro rata – at a ...
Two options. Personal or consumer bankruptcy is separated into two sections, or chapters: Chapter 7 and Chapter 13 (business bankruptcies are known as Chapter 11). Chapter 7 bankruptcy ...
The measure comes as personal bankruptcies compared ... and most attorneys require that their fees be paid upfront. Chapter 7 is a liquidation bankruptcy, where the filer's nonexempt property ...