You could possibly maintain your household. Chapter 13 can enable a debtor guiding on home loan payments and experiencing foreclosure to compensate for payments, reinstate the mortgage loan and continue to be in the house.
Chapter 11 is an additional kind of bankruptcy. It is analo
Bankruptcy strives to offer relief to individuals overwhelmed by debt, nonetheless it's necessary to know how debts are categorised inside the bankruptcy framework. Different types of debts are treated differently depending on their priority and dischargeability.
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Regardless of whether Chapter seven, Chapter 11, or Chapter thirteen bankruptcy, submitting for bankruptcy petition isn’t effortless. Differing types of bankruptcy indicate a distinct bankruptcy method, which means any bankruptcy attorney in Fairfax County needs to be well-versed in