What’s the Difference Between Chapter 7 and 13 Bankruptcy in California?

If you’re considering bankruptcy, you may be asking: What’s the difference between Chapter 7 and Chapter 13 bankruptcy in California?

In California, Chapter 7 bankruptcy liquidates non-exempt assets to pay off debts, offering a faster discharge, while Chapter 13 allows debtors to keep their assets by creating a structured repayment plan over 3-5 years.

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