Living in NYC comes with high living expenses For many New Yorkers facing overwhelming debt, Chapter 13 bankruptcy offers a structured path to financial recovery. Unlike Chapter 7 bankruptcy, which liquidates assets to pay off debts, Chapter 13 allows individuals with a steady income to reorganize their debt and keep their property while making manageable payments over time. If you're considering bankruptcy in New York City, understanding Chapter 13 is essential to making an informed decision.
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