Which Chapter 7 or 13Reasons to File Bankruptcy

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Should you File Bankruptcy?

Chapter 7 or 13?

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Which Chapter? 7 or 13?

The decision as to which type of bankruptcy to file should only be made after speaking with a bankruptcy attorney.

The most commonly filed bankruptcy both in my office and across the United States is a Chapter 7 in which you are basically stating that you cannot afford to pay your creditors anything and you wish to have the debt wiped out by order of the court via a bankruptcy discharge. The other kind of bankruptcy, Chapter 13 which represents about 30% of my cases involves a court supervised repayment plan in which you repay your creditors over a three to five year time period based on whatever you have left over after paying your reasonably monthly living expenes.

 

 

 

Place your mousemouse handover the Chapter number below to link to more information about Chapter 7 or 13

 

Chapter 7 or 13 Image Map Bankruptcy Lawyer Walter Metzen Chapter 7 Bankruptcy Chapter 13 Bankruptcy