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Understanding Secured, Unsecured, and Priority Debts in Bankruptcy in Camden, nj-new jersey

Understanding Secured, Unsecured, and Priority Debts in Bankruptcy in Camden, nj-new jersey

With regards to filing for bankruptcy, there are 2 typical choices to pick from: Chapter 7 or Chapter 13. Chapter 7 bankruptcy is known as a liquidation bankruptcy. It makes it therefore much of your debts that are unsecured like medical bills and credit debt, are destroyed, with no requirement to pay for straight back balances with a repayment plan. Chapter 13 bankruptcy is known as a reorganization bankruptcy. (more…)

May 4, 2020