When a consumer is considering bankruptcy, the standard way to file is to use Chapter 7 bankruptcy, but in some cases is better for the consumer to file under Chapter 13 of bankruptcy law . All failures, regardless of which chapter is filed, is complete jurisdiction and control of the federal bankruptcy court. When the consumer files for Chapter 13 bankruptcy has prevented and protected by creditors, otherwise in a separate trial against a consumer to collect the debt outstanding. When a consumer files Chapter 13 bankruptcy, the debt of all creditors are consolidated into a passive, drastically reduces and sometimes eliminates interest payments, and the n & # xE4; cities all cases, reduces the amount total that the consumer has to spend each month. One of the most beautiful parts of this is that, after informing the creditors that filed the bankruptcy, chapter 13 or any other chapter, can no longer call or send threatening letters, which only tj & # xE4 when to increase your stress level anyway. Please keep a notebook by the phone and watch the creditors told you about bankruptcy, noting the date, time, creditors and the name of P & # xE5 the person who spoke. If you insist on calling upon confirmation that it has filed bankruptcy, violation of federal law and Ari can have the opportunity at that time to bring a counter suit against them for this crime. Believe me, I am well aware of this and do not want to risk it. Now, look at that statement, if you have done your research on bankruptcy options you may have noticed that the chapter 13 bankruptcy sounds very similar to using a debt consolidation service. You’re right, but there are some distinct advantages and disadvantages of each. For example, taking out a debt consolidation service for a small fee for their services, if the total amount of this tax would probably be a bit ‘more than you pay for your Chapter 13 bankruptcy filings and costs Legal. But is a service of debt consolidation, credit score be maintained and that you are using a service, debt consolidation and xE4 #, r are often not visible in credit reports, while the failure & # xE8; a big neon sign in credit reports for seven to 10 years. Although everyone’s situation is different, it seems that a debt consolidation service, despite the cost a bit ‘more, it would be much less negative long term. You should compare the two alternatives with a good bankruptcy attorney so you can make an informed decision about what is bah, PC for your situation. So bottom line is that a Chapter 13 bankruptcy allows the consumer to pay their financial obligations on time. The amount of consumers pay each month is determined by the bankruptcy court and will be an amount determined by a detailed analysis of sources of income of the consumer. A trustee appointed by the court and control the consumer each month is given to the trustee. In most cases, this must be a certified check or bank transfer, so there’s a bit ‘more difficult to obtain these inspections every month and F & # xE5 to the manager. If you are considering bankruptcy as a consumer, you can deposit or Chapter 7 or Chapter 13. But especially with the recent changes in bankruptcy law, bankruptcy filing no longer a ‘doing’ process unless you & # xE4; r willing to get familiar with bankruptcy law. Making a mistake in the complicated procedures that have been identified easily cost more than a tax bankruptcy attorney.