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What's the difference between Chapter 7 and Chapter 13 bankruptcy?

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What's the difference between Chapter 7 and Chapter 13 bankruptcy?

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  1. you can look on wikipedia.org

    7 is straight up bankrupt and they can go after everything you have that is liquid... you will still have student loan debt and they cant touch your retirement..

    13 is just a loan repayment type plan that is set up by the courts...

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