8 responses

  1. Jane Sanders
    January 12, 2011

    Very good points. There is a lot of information out there about the differences between Chapters 7 and 13, but not much about why you should choose one over the other. I think this article will be very helpful to people looking for that sort of guidance.

    Reply

    • Kevin
      January 13, 2011

      I agree

      Reply

  2. krantcents
    January 12, 2011

    Bankruptcy is a decision and requires a lot of thought because it stays with you for a long time. Afterward make the necessary changes so you never enter into that kind of situation again.

    Reply

    • Kevin
      January 13, 2011

      Great point. It is a big decision and if you decide to take that route you should be sure you have everything in place afterwards so that you don’t repeat the cycle over again.

      Reply

  3. Celine
    June 24, 2011

    Yes but at the same time there are so many strings attached to bankruptcy and it follows you everywhere!

    Reply

  4. Rodney
    March 15, 2012

    I understand your heart, and I have a questioner two. While filing for a 13 sets up a mandatory payment plan (with serious consequences if not followed through) to pay back a little bit of what was owed; what keeps me from paying back creditors if I file a 7? If you’re going to file I say, “File.” (ch. 7 – assuming you can pass the Means Test).

    And, how is my ego any less effected by filing for “Bankruptcy” rather than “Bankruptcy?”

    Reply

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