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May 2017 Archives

Method to check for Chapter 7 eligibility

Before people in Louisiana or elsewhere can pursue bankruptcy filings, they have to know for which type they qualify. There a big difference between the two bankruptcy options used for personal debt relief. With Chapter 13, one still has to repay creditors. A Chapter 7, however, can completely clear certain debts. No court is going to allow you to have your debts discharged if you really do have the income to pay back creditors.