|
|
Chapter 7 |
Chapter
13 |
Credit
Counseling |
|
1.
Deals with every debt from credit cards to taxes to
medical bills and child support
|
Yes |
Yes |
No |
|
2. Allows
for a fresh start debt free in 90 days |
Yes |
No |
No |
|
3. Allows
for the reinstatement of your driver's license |
Yes |
Yes |
No |
|
4. Can
Stop a foreclosure sale in its tracks |
Yes |
Yes |
No |
|
5.
Ensures legal protection to protect the debtor from
harassment by creditors
|
Yes |
Yes |
No |
|
6.
Requires all pending lawsuits to IMMEDIATELY Stop |
Yes |
Yes |
No |
|
7.
Stops all garnishments allows the debtor to recover
the money actually garnished from their employer.
|
Yes |
Yes |
No |
|
8.
Allows you to pay back a portion or all of your debt
interest free
|
Yes |
Yes |
No |
|
9. Allows
you to avoid cashing in your 401(k) |
Yes |
Yes |
No |
|
10. Allows
you to obtain credit again afterward |
Yes |
Yes |
Yes |
|
11. Allows
to you lower your car payments |
No |
Yes |
No |
|
12.
Allows you to surrender your car or home without
negative
repercussions
|
Yes |
Yes |
No |
|
13. Allows
you to stop worrying about nagging creditors |
Yes |
Yes |
No |
|
14.
Repayment is based upon what you can afford, not
what creditors
demand.
|
N/A |
Yes |
No |
|
15.
Stop repossessions and foreclosures to allow you to
sell for market
value rather than be pressed into a
short sale.
|
Yes |
Yes |
No |
|
16.
Affects your credit score in the same manner. |
Yes |
Yes |
Yes |
17. Stops
the continued downward spiral of your credit
score |
Yes |
Yes |
No |
|
18. Levels
the playing field with your creditors. |
Yes |
Yes |
No |
|
19.
Allows you to go after your lenders for violations
of
the Unfair
and Deceptive Practices Act.
|
Yes |
Yes |
No |
|
20. Deals
with secured and unsecured debt |
Yes |
Yes |
No |
21.
Deals with medical bills, collections, and non credit
card debt |
Yes |
Yes |
No |
|
22. Gives you the fresh start you deserve and wipes
the
slate clean!
|
Yes |
Yes |
No |
