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I have a seriously large tax bill that I'm anxious to resolve. My attorney is proposing a 'Chapter 20', which I understand is a combo...you do a 7 to wipe out the older tax debt and follow with a 13 to end up with a pay plan for the more recent amount. I've got no credit left and lost my home to avoid foreclosure several years ago. I'd like to regain a house rather than rent. Here's my question. Would a lease/purchase deal make sense? Usually you can keep your home in a BK, so if I'm leasing at the start of the 7 and still leasing at the start of the 13 (assuming a 24 mo lease/purch arrangement), my home would be safe, right?
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