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Posts tagged "repayment plan"

What debts need to be paid in a Chapter 13 repayment plan?

Many people fall behind on their debt payments due to situations beyond their control. If you're facing overwhelming financial difficulties for any reason, you may be able to file for Chapter 13 debt relief. This is different from filing for Chapter 7, which allows for a liquidation of your assets and a discharge of all or most of your debts. Filing for Chapter 13 is a way to restructure your debt, continue to pay it off and perhaps get some relief from certain obligations.

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