http://whentofilebankruptcy.org/why-file-bankruptcy Consider All Your Options | Free Tips, Q&A and Online Resources Thu, 29 Dec 2011 01:20:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://whentofilebankruptcy.org/why-file-bankruptcy/comment-page-1#comment-7309 DCK2003 Thu, 29 Jul 2010 13:16:53 +0000 http://whentofilebankruptcy.org/why-file-bankruptcy#comment-7309 In chapter 13 you still may not pay ALL that is owed. It will eliminate interests and penalties. Yes, your debt may be lowered. I have read "unofficially" bankruptcy is usually most beneficial to those with debts over 65,000 dollars although that figure is adjusted upward for high wage earners. Also, if your debts exceed two years of your annual income it may be a more viable option. In chapter 13 you still may not pay ALL that is owed. It will eliminate interests and penalties. Yes, your debt may be lowered. I have read "unofficially" bankruptcy is usually most beneficial to those with debts over 65,000 dollars although that figure is adjusted upward for high wage earners. Also, if your debts exceed two years of your annual income it may be a more viable option.

]]> http://whentofilebankruptcy.org/why-file-bankruptcy/comment-page-1#comment-7310 mary p Thu, 29 Jul 2010 13:16:53 +0000 http://whentofilebankruptcy.org/why-file-bankruptcy#comment-7310 Chapter 13...you will pay no interest..just the monies due... Chapter 11..pay NO bills back and get to keep your home and car and any credit cards you want to pay off. Chapter 13…you will pay no interest..just the monies due…
Chapter 11..pay NO bills back and get to keep your home and car and any credit cards you want to pay off.

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