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Originally Posted by read52 When I was paying through credit counciling the only thing I could not get was a credit card. We bought a car, got insurance, etc. I am correcting in saying that in bankruptcy you do not pay back the money you owe? |
A Chapter 13 you pay back your debt over a period of 3-5 years as noted above. A Chapter 7 your debt is wiped out entirely (provided you qualify).