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It is possible that certain personal items - clothing and household items. Often can not keep your car and your home situation. Finally at the end of Chapter 7 bankruptcy (4-6 months), most of the debts are paid.
Other bankruptcy for individuals in this case was the Chapter 13 repayment of the debt-developed system in order to repay creditors and unsecured creditors over time.
Debts by lien on the big notes in a house, car, boat or other means is guaranteed. Unsecured creditors are not interested in the security of the assets of the debtor. Lenders of unsecured creditors.
However, if the payday loan bankruptcy is discharged if the creditor and / or directed against the inclusion of domestic loans.
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