Chapter 7 vs. Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 are different bankruptcy paths. The right option depends on income, assets, debts, goals, and timing.

Chapter 7

Chapter 7 may help eligible clients address dischargeable debt, but eligibility, exemptions, assets, and prior filings must be reviewed carefully.

Chapter 13

Chapter 13 may involve a structured repayment plan and can be important in situations involving mortgage arrears, vehicle issues, or other obligations that require a different approach.

Why a consultation matters

Bankruptcy decisions should be made only after reviewing the client’s full financial circumstances and the consequences of each option.

Debt Relief Agency Disclosure: We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.