Re: NOT TRUE

Posted by BP (172.197.147.218) on March 13, 2004 at 01:41:09:

In Reply to: NOT TRUE posted by J Kelly on March 12, 2004 at 19:53:47:

The point is that you get to keep all your property without question in a chapter 13. In a chapter 7, if you're property isn't exempt, then it can be taken. Chapter 13 is also good if you owe the IRS money; you can force them into a payment plan. There's a "pecking order" in a chapter 13 where creditors with a higher priority, like the IRS, get paid back before lower priority creditors, like unsecured credit card debt.

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