Fast Credit Restore - Reality Or Fiction?When you file Chapter seven personal bankruptcy, also called a 'straight personal bankruptcy' or a 'liquidation', you are asking collectors and the court to forgive all of your financial debt. In exchange, you forfeit almost all of your assets to help payoff as much financial debt as feasible.
If your income fluctuates, you can change your monthly payment in order to accommodate your requirements. This is the only plan that is this versatile; debt consolidation, financial debt counseling, and Chapter 13 personal bankruptcy all require set monthly payments.
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