• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

thanks for the advice

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

W

wanda mason

Guest
what is the name of your state?nc

thanks for the advice:) so can you file chapter 7 and still keep your house? i thought that if you are behind chapter 13 would be the best alternative?? so let me understand this correctly! a plan will be set up to pay for secured debts and unsecured, would get what is left if any?????? what about creditors that been on a credit report for 5-7 years??
 


bigun

Senior Member
There will be no plan set up to pay secured debt. You have to be able to make the payments asthey exist. This is true in a 7 or a 13. Unsecured debt in a 7 is wiped out. In a chapter 13, a 36=60 month repayment plan is arranged.
You must list all creditors. See a lawyer. Most give free initial consultations.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top