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Why Does Chapter 13 Get a Bad Rap?

Comparison chart showing “5 Years of Credit Card Payments” versus “5 Years in Chapter 13,” illustrating that credit card users remain in debt while Chapter 13 filers become debt-free.

Why Does Chapter 13 Get a Bad Rap? Many people assume Chapter 13 bankruptcy is the “bad” kind of bankruptcy—but most of what you’ve heard is wrong. Before making any decisions, you should understand why Chapter 13 gets such a bad rap, what it really does, and how it often saves people more money than […]