and some homeowners end up filing a Chapter 13 bankruptcy. Below, we'll break down the differences a bit more: Eligibility requirements. Generally, with Chapter 7, your income must fall below the ...

On the other hand, Chapter 13 is a “reorganization bankruptcy” that allows you to create a repayment plan without liquidating assets. Eligibility requirements for each type of bankruptcy also ...

If you file for bankruptcy, you still might be able to keep your house or buy a home later. Learn how Chapter 7 and Chapter ...

A Chapter 13 bankruptcy allows a debtor's finances to be reorganized and a plan to be developed for loan repayment over a period of time. When you think of bankruptcy, you may think of someone ...

With a Chapter 13 bankruptcy, payments can be spread out, but the overall costs for filers is significantly higher, running an average of $4,500. Only about a third of people who file Chapter 13 ...

You may file for bankruptcy when you have a large debt and do not have the resources to pay it off. When you do this, your creditor (the one you owe) has to do ...