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Who is Responsible for Paying Bankruptcy Debts?


Filing for bankruptcy may seem very confusing. You may be asking yourself, “Where does the debt go?” or “Who pays for the debt?”. The answers to these questions all depend on the type of bankruptcy you file, be it either a Chapter 7 liquidation or Chapter 13 wage-earner plan. Let’s unpack this and clear up some of the confusion: Chapter...

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