Reasons Chapter 13 Bankruptcy Is A Bad Idea
October 23, 2023
By Eric Pemper, Founder of CuraDebtHelping people resolve unsecured, tax, and business debt since 2001 · BBB A+ accredited Last updated: July 5, 2026 The short answerChapter 13 can backfire because it locks you into a three-to-five-year repayment plan that a large share of filers never complete. When a case is dismissed, you can lose…
Why is Chapter 13 Bankruptcy a Bad Idea?
February 24, 2023
Bankruptcy laws exist for those whose debt has become unmanageable. Whether it’s bad fortune or financial irresponsibility, filing for bankruptcy does provide the opportunity to alleviate the debt. In the United States system, the two most common types of bankruptcy are Chapter 7 and Chapter 13. In Chapter 7 bankruptcy debtors can erase debts with…