There are two types of personal bankruptcy.
1. Chapter 7 Bankruptcy
Here whole or part of debts discharged. You will use your liquid assets to repay some of the debt.

2. Chapter 13 Bankruptcy
Under this type you will pay part or whole debt through a three- to five-year repayment plan. You will make payment to the court. They will be paying the creditors.

__________________
Truck Accident Lawyer in Indiana
Las Vegas Workers Compensation

This is designed for an individual debtor who has a regular income and stable job. Under this procedure, you pay debts off over a three-to-five year period and keep your property. At a confirmation hearing, the court either approves or disapproves the plan. A Chapter 13 can be filed at any time.


Dui Attorney