Secured debts are paid subsequent. Final could be the payment of nonpriority, unsecured debt with money remaining in the liquidation of property. If you can find not enough cash to pay for the nonpriority unsecured financial debt, then the debts are compensated on a pro-rata basis.
A Chapter thirteen bankruptcy typically stays with your credit score reviews for 7 many years in the day you filed the petition. It may possibly lessen your credit rating score by about a hundred thirty to two hundred details, but the effects in your credit history diminish after some time
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