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| Bushhorn Law What to Do Explore Options - Types of Bankruptcy Chapter
7- allows for total liquidation of bad debt, while allowing you to
keep the debts you want to keep and can afford to keep paying on, such as a
house or car.
Chapter 13- allows for liquidation of bad debt over a 36-60 month period, while allowing you to get current on the debt you may be behind on and want to keep. You will also eliminate your bad debt by paying a minimum of 10% of your general debt. You will have to be able to make a monthly payment in order to qualify.
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