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The two most common types are Chapter7 and Chapter 13 bankruptcy. Chapter7Bankruptcy The liquidation process is managed by a trustee who sells non-exempt assets to pay creditors. This enables debtors to keep important items while addressing their debts. Many personal assets may be exempt.
In this blog, we’ll discuss how Chapter 13 usually affects credit scores, and we’ll give you actionable tips to begin rebuilding your credit. If you have additional questions regarding Chapter 13 or Chapter7bankruptcy, contact the attorneys at Sawin & Shea, LLC.
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