Minnesota  |  Bankruptcy

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1/23/11, 7:34 am

Legal Question

My husband and I are contemplating filing chapter 7 or 11 bankruptcy. I was told if we file chapter 7 we will still have to pay the debt (credit cards) back. If this option is chosen will the interest rate and payment amount per month be lowered??? Also, do we have to put our vehicles up for collateral to do this???


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