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Chapter 13 allows you, debt if you have a regular income and limited
debt, to keep property, debt such as a mortgaged house or car, debt
that you otherwise might lose debt. In Chapter 13, debt the court
approves a repayment plan that allows you to pay off a default during a period
of three to five years, debt rather than surrender any property. debt
Chapter 7, debt known as straight debt bankruptcy, involves debt
liquidating all assets that are not exempt. Exempt debt property may
include cars, debt work-related tools and debt basic household
furnishings. debt Some property may be sold debt by a
court-appointed debt official-a trustee-or turned debt over to
creditors. You can receive debt a discharge of your debts under Chapter 7
only once every six years. debt