Chapter 7 bankruptcy involves the liquidation of property to pay creditors, while Chapter 13 bankruptcy creates a court-mandated payment plan to pay creditors.

Authors

• Person: Not available Organization: Bankrate
  A Comprehensive Guide To Debt Relief Programs | Bankrate

Sources

• A Comprehensive Guide To Debt Relief Programs | Bankrate www.bankrate.com Bankrate via serper

Referenced by nodes (2)

• Chapter 7 bankruptcy concept
• Chapter 13 bankruptcy concept