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Tuesday, October 20, 2026Updated 15:44 UTC

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Chapter 7 or Chapter 13 Bankruptcy – Your Income and Property Usually Decide

Source: Money Crashers · Oct 20, 2026 12:15 UTC

Torn U.S. one-dollar bill on a white background — File photo Images_of_Money / Flickr · CC BY 2.0 · Source

The Quick Take

Within a few months, Chapter 7 wipes out most debts with no collateral behind them, but a bankruptcy trustee can sell any property the law doesn’t protect. Chapter 13 lets you keep your property while you repay creditors through a... Source

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