Personal Bankruptcy: Chapters 7 and 13
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Watch this video which offers definitions and explains the two provisions of the U.S. Bankruptcy Code, Chapter 7 and Chapter 13. Chapter 7 focuses on discharging (getting rid of) unsecured debt such as credit cards, personal loans, and medical bills, while Chapter 13 helps you catch up on secured debts like your home or car while discharging unsecured debt.
Source: Khan Academy, https://youtu.be/H3tg4bH5JuY?si=on6yXCGX4whxnHgz
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