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Bankruptcy Chapters 13 Form

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Instructions and help about illinois chapters 13

so all you ever hear about is chapter 7 bankruptcy but why not 13. check out our next video and find out why you shouldn't be afraid of chapter 13. in fact a lot of times it's a much better choice [Applause] [Music] so this video i want to talk about chapter 13 and why you shouldn't be afraid of chapter 13. so let me kind of explain really quick the differences between chapter 7 and chapter 13. well a chapter 7 is typically what most people think about when they hear bankruptcy or they'll call it a straight bankruptcy in a chapter 7 case you're not restructuring and repaying your debts you're just getting rid of those debts which you're eligible to get rid of but there's no repayment plan you're usually out in about four or five months and yes they typically cost less than a chapter 13 because you're not really in the case very long whereas in a chapter 13 case you're going to be in a debt consolida

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