Thank you for your question. I am happy to assist you.
I do not see the advantage in a Chapter 13 bankruptcy. You appear to be better suited for a Chapter 7.
Here is why.
A Chapter 13 is a reorganization of an individual's debts. The typical reason for filing a Chapter 13 is to reorganize arrearages on secured debt. For example, if you were several months behind on your mortgage you might need to file a Chapter 13. A Chapter 13 can last up to 5 years.
A Chapter 7 is bankruptcy does not involve a reorganization or a payment plan. A debtor in a Chapter 7 receives a discharge of personal liability on most debts. If you are current on your mortgage you will be able to keep your home since it has little equity.
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