Debt Discharge Options Explained

Summary

Discharging debt often involves bankruptcy proceedings. In new york, chapter 7 involves asset liquidation, while chapter 13 offers a repayment plan over 3-5 years. Consider consulting a bankruptcy attorney to explore your options.

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Discharging debt
Discharging debt typically involves bankruptcy proceedings. In New York, you may consider filing for Chapter * or Chapter * bankruptcy, depending on your situation. Here's some general information:
- Chapter *: Liquidates assets to pay off debts.
- Chapter *: Creates a repayment plan over *-5 years.
Could you specify if you're considering bankruptcy or exploring other options?