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The debtor then pays an agreed-upon sum of money each and every month into the trustee, proficiently consolidating the debts into a single month-to-month payment. The trustee, subsequently, distributes The cash on the debtor's creditors. Debtors have no direct contact with their creditors below Chapter 13 security.Chapter 7 filings might be rejecte… Read More


The bankruptcy trustee assigned to oversee the case sends the strategy payments to creditors. Just after completing the repayment prepare, the remaining balances of qualifying debts are "discharged" or forgiven.Regardless of whether a business bankruptcy will affect your own credit rating depends on whether you are personally accountable for the bu… Read More