Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it’s not the best option for everyone. Many, or all, of the products featured on this page are from our advertising partners ...

Chapter 7 bankruptcy involves discharging debt through liquidation. Chapter 13 bankruptcy focuses on reorganizing debt through a repayment plan that typically lasts three to five years. Filing Chapter ...

Could your debt be reduced or forgiven? Take our financial relief quiz. The decision to file bankruptcy is a heady one, but then there is the question of which type of bankruptcy to file. You have ...

Chapter 13 bankruptcy allows people with regular income to repay debts over time, protecting assets and recovering financial stability. To qualify, individuals must meet income and debt limits and ...

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Chapter 13 bankruptcy is often referred to as “wage earner’s bankruptcy” or “repayment plan bankruptcy.” It’s a type of bankruptcy used by individual consumers—specifically those who are having ...

Chapter 7 bankruptcy involves liquidating a debtor's non-essential assets to repay creditors. Chapters 11 and 13 are more expensive and longer than Chapter 7, but you can keep your assets. Chapter 7 ...

Filing for bankruptcy can feel like a financial lifeline when you’re drowning in debt, but not everyone qualifies. Understanding what might block your path to bankruptcy is crucial before you start ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Managing Editor, Global Data and Automation for ...