Chapter 13 bankruptcy is a process in which the court calculates a debtor's disposable income and uses the amount to create a payment plan toward debts. A Chapter 13 debt payment plan lasts three to five years. More » Business & Finance Business Resources

Chapter 7 is described as basic bankruptcy in that it permits the liquidation of all debts, according to Cornell University Law School. Chapter 13 allows individuals to enter a payment plan to pay off their debts over ti... More » Government & Politics Law Debt Law

Individuals and couples filing taxes jointly may qualify for Chapter 13 bankruptcy, according to the AllLaw website. Businesses are ineligible and can only file for a Chapter 11 option. Nolo says that stockbrokers and co... More » Government & Politics Law
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The main difference between Chapter 7 and Chapter 13 bankruptcy is that Chapter 7 allows a person to dismiss his unsecured debt, while chapter 13 provides a way to restructure debts into a manageable repayment plan. Cert... More » Business & Finance Financial Planning

The minimum payment calculated by Care One varies based on a person's debts, income and expenses, as of February 2015. Care One offers debt relief services that combine all debts into one account to set up a single month... More » Business & Finance Credit & Lending