What You Don’t Know About How Long You Stay in a Chapter 13 Plan May Discourage Your From Getting Your Fresh Financial Relief

The Chapter 13 bankruptcy is a reorganization that allows you to reduce the amount of your unsecured debt, such as credit cards, through a payment plan. The bankruptcy code determines how long you will be in that chapter 13 repayment plan. The term “applicable commitment” is generally 3 to 5 years depending on your income. This means that you can file for bankruptcy without selling all your jewelry and coins.

The Tampa Bay area newspapers have been printing articles about companies shouting “Buying Coins!” and it’s important economic information alleging that this is “the best time in decades for you to sell for some of the highest prices ever”.

Before you sell your jewelry and coins, you might consider that there are other financial options, including bankruptcy, and you might be able to keep some of your jewelry.

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