Legal Question in Bankruptcy in Maryland
bankruptcy
what is the difference between chapter 7 & 13
Asked on 10/05/07, 1:39 pm
1 Answer from Attorneys
Bill Wood
Law Office of William C. Wood, LLC
Re: bankruptcy
The most basic difference is that a Chapter 7 is a liquidation of assets along with a discharge of most debts whereas a Chapter 13 involves retaining assets and paying back creditors over a period time via a court-approved plan.
Answered on 10/05/07, 2:06 pm
Related Questions & Answers
-
Bankruptcy divorce if you are married and separated can one party file for... Asked 9/30/07, 1:24 am in United States Maryland Bankruptcy Law
-
Chp. 7 Dismissal How long do I have to wait before filing chp 7 again after a... Asked 9/26/07, 10:32 am in United States Maryland Bankruptcy Law
-
Discharge papers How can I obtain copies of discharge papers? Asked 9/17/07, 7:08 pm in United States Maryland Bankruptcy Law
-
Bankruptcy My bankruptcy was closed without discharge because I was missing a... Asked 8/28/07, 2:05 pm in United States Maryland Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
