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

If you are one of the many Tennessee residents who are struggling financially, you are probably doing some research on all of the debt relief options available to you. While often thought of as a last resort, bankruptcy may be the best thing for you and might resolve a lot -- if not all -- of your debt issues, depending on your situation. There are two types of personal bankruptcy offered: Chapter 7 and Chapter 13. What's the difference between the two?

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Law Office of Rich & Rich
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