{"id":2109,"date":"2021-04-13T03:31:00","date_gmt":"2021-04-13T07:31:00","guid":{"rendered":"https:\/\/thegraftonfirm.com\/?p=2109"},"modified":"2022-02-14T05:05:28","modified_gmt":"2022-02-14T10:05:28","slug":"how-to-file-a-chapter-13-repayment-plan-in-maryland","status":"publish","type":"post","link":"https:\/\/thegraftonfirm.com\/ch13\/how-to-file-a-chapter-13-repayment-plan-in-maryland","title":{"rendered":"How to File a Chapter 13 Repayment Plan in Maryland"},"content":{"rendered":"

Sometimes, things don\u2019t go right and our finances can get out of control. Fortunately, we are afforded debt relief by the U.S. Bankruptcy Code. The code lists many different types of bankruptcies under different bankruptcy chapters, and each type is also called the chapter under which it is written.<\/p>\n

For personal bankruptcies, the two most common types are Chapter 7 bankruptcy and Chapter 13 bankruptcy.<\/a><\/b> Chapter 7, also known as liquidation bankruptcy, involves liquidating one\u2019s assets to pay off as much debt as possible, with the leftover debt being discharged.<\/p>\n

Chapter 13 bankruptcy, on the other hand, is a repayment bankruptcy in which a person\u2019s debts are not discharged, just restructured to a repayment plan that he can pay off in three to five years<\/p>\n

If you have any more questions about the different types of bankruptcy in bankruptcy law and bankruptcy filing, don\u2019t hesitate to contact a bankruptcy attorney at The Grafton Firm, a Towson, Maryland bankruptcy law firm<\/a><\/b>.<\/p>\n

<\/span>Eligibility<\/span><\/h2>
\n