Q: What is the difference between Chapter 7 and Chapter 13 bankruptcy?
A: This could be a whole book in itself but the short answer is that Chapter 7 eliminates unsecured (example: most credit cards, medical bills, etc) debt where Chapter 13 is a repayment plan. Both have their advantages and disadvantages and usually it is not a matter of which one you want to do, but rather which one works in your circumstances. You should go see a bankruptcy lawyer in your area as most will offer free consults. Let them know your situation and they can tell you if you are a candidate for bankruptcy and if so, which one is best for you.
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