What are the benefits of Chapter 11 versus Chapter 13?
I have mounds of credit card debt, a car that I owe more then I could sell it for, and a house that is in the same condition – and our income has taken a hit and I can no longer afford to make payments.
I am considering Bankruptcy. What would happen to all this debt? What are the major differences between Ch.11 and 13?
I live in Texas, if that helps.
10 points to best answer with a reference link.
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Categories: personal bankruptcy Tags: bankruptcy, credit card debt, mounds