Is chapter 13 better than chapter 7?

Question

I was looking to see which one is better- chapter 7 completely erases debt while 13 you have to pay back in installements. Which does creditors look at more favorably or are they considered the same?

Answer 1

Chapter 13 will be off your credit report in 7 years rather than 10. You may be able to accomplish debt restructing without chapter 13, which could help you get your credit repaired slightly more quickly.