Both Chapter 7 and 13 have the same automatic stay to stop creditor collection actions. But how they each use that tool is very different. Last time we focused on how you can use the Chapter 7 and Chapter 13 options to your time advantage. Chapter 7 “straight bankruptcy” is very fast. If all or most of your debts can be … Read More
Chapter 13 is very different from Chapter 7 “straight bankruptcy.” It buys you time to deal effectively with your special debts.
A creditor might want to pursue your co-debtor, protect itself from violating the stay, or take some other action other than collect money.