With Chapter thirteen, you get a plan to pay off your money owed, and some of them need to be paid in full. Whereas bankrupt, you can’t be a director of a company or function a enterprise.
bankruptcy code conversion to chapter 13
CHAPTER 7 BANKRUPTCY IN SAN DIEGO WILL DISCHARGE YOUR MONEY OWED AND PUT YOU IN CONTROL OF YOUR MONETARY FUTURE WITH A FRESH START. The proceeds are then distributed to their creditors. The desired outcome of most bankruptcy instances filed by individuals is a discharge A discharge is an order from the bankruptcy court docket permanently prohibiting any creditor from trying to gather a debt towards you.
A person who knowingly makes a false statement when proving a debt in bankruptcy or knowingly makes a false assertion in an affidavit required beneath the Bankruptcy Ordinance is responsible of an offence and is liable to a nice and … Read the rest