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Submitting the petition below chapter thirteen “mechanically stays” (stops) most collection actions versus the debtor or even the debtor’s property. Chapter thirteen also has a Particular “computerized stay” provision that safeguards co-debtors.This duplicate is for your personal, non-professional use only. Distribution and use of this pr
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A Chapter thirteen bankruptcy can be worthwhile as it may possibly assist you to retain some belongings and handle personal debt proactively. In the end, An effective consequence is determined by whether the courtroom approves the petition and whether or not you totally decide to and full the procedure, utilizing the time to shell out down all debt