
Chapter 7 vs. Chapter 13 Bankruptcy: How They Differ
Chapter 7 bankruptcy liquidates assets for creditors, while Chapter 13 creates a repayment plan, each designed for different financial situations.

The basics of Chapter 7 and Chapter 13, the credit counseling step, and what to expect.

Chapter 7 bankruptcy liquidates assets for creditors, while Chapter 13 creates a repayment plan, each designed for different financial situations.

Before you file for bankruptcy, you must complete credit counseling from an approved agency within 180 days to qualify for debt discharge.