2023

The Pros And Cons Of Five Year Chapter 13 Repayment Plans
When you file for Chapter 13 bankruptcy relief, you generally choose either a three-year repayment of qualified debts or a five-year term. Both options have their pros and cons. To help you decide if the five-year term is right for you, here are a few of the most important pros and cons of this longer commitment.  The Pros of Five-Year Plans The primary reason most people choose the longer payment plan is to reduce monthly payments.

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your options for getting out from under debt

When you accumulate a lot of debt and suddenly suffer a loss of income, you can be left with few options. What are those options and what are the repercussions for each? This blog was created to help those going through financial difficulties find the answers to the questions they have about getting out from under their debt. You will find advice for consolidating and filing for bankruptcy. You will learn the terminology used in each process of relieving yourself from the debt that has built up. Hopefully, what you learn here will help you get through your struggles as easily as possible.

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