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Understanding the Benefits of Chapter 13 Bankruptcy

Understanding the Benefits of Chapter 13 Bankruptcy Lawyer explains the Means Test - pictured are a male and female professional meeting at a table with laptop and document

As a Philadelphia bankruptcy attorney, I am often asked about the benefits of Chapter 13 bankruptcy. Despite common misconceptions, filing a Chapter 13 bankruptcy can be the best, and sometimes the only option depending upon a debtor’s circumstances. Avoiding forced liquidation of assets, like a home or car, the most common items that people want to avoid losing, makes a Chapter 13 bankruptcy more desirable than other alternatives.

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