When you start a Chapter 13 plan, it’s good to have Chapter 7 available as a backup plan.
You have some wiggle room if you either want to get out of your bankruptcy case or change to the other Chapter.
In bankruptcy you hear a lot about “the trustee.” What does this person do, in a “straight” Chapter 7 case, and in an “adjustment of debts” Chapter 13 one?
It sure helps in understanding the two main bankruptcy options if you know the cast of characters in each one.
Once garnished, that portion of your wages or salary is forever gone. With one exception.