Chapter 13 vs. Chapter 7 Bankruptcy: Which Is Right for You? 💼

Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - What is the difference between chapter 13 and 7 bankruptcies? - Chapter 13 you have to come up with a repayment plan and has to be approved buy the court. You will have to pay a percentage of what you owe. Chapter 13 takes up to 5 years to pay off and stays on your credit report for 7 years. <br /> <br />Chapter 7 not like chapter 13 you don't have to go to court. In 7 you have to go to your 341 meeting or meet the trustee of the court. Also in chapter 7 case like the other user said its a no asset case. Most of all debt can be discharged in 7 where in 13 only 3/4 of the debt is discharged. <br /> <br />Chapter 11 is for Business bankruptcy. chapter 11 is for debt over 600.000 Sean look it up. Some of the company's that filed chapter 11 Chrysler,GM,Dunkin Donuts and Pilgrim pride. -