The Basics of Chapter 13 Bankruptcy, part 2 of 3

Posted by on Feb 28, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Once your attorney files for a Chapter 13 bankruptcy, the bankruptcy court issues an automatic stay in all lawsuits and collection proceedings against you. This basically means that none of your creditors can try to collect on your debt and all collection proceedings or lawsuits against you must stop. In return, in a Chapter 13 bankruptcy, you agree to pay back your debt to your creditors at a...
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