A Chapter 13 bankruptcy is more commonly known as a "wage earner" bankruptcy. In this type of bankruptcy, we put all of your debts in a repayment plan. A Chapter 13 filing also stops foreclosures, repossessions, garnishments and lawsuits.
A Chapter 7 bankruptcy allows you to get rid of unsecured debt such as medical bills, credit cards and personal loans. As with all types of bankruptcy, a Chapter 7 would stop all forms of debt collection.
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