Chapter 7 vs. Chapter 13 Bankruptcy

Differences Between Chapter 7 and Chapter 13

Bankruptcy filings can be broken down into various levels, known as chapters under the U.S. Bankruptcy Code. An experienced bankruptcy lawyer can help determine how you can get the right resolution to your debt problem.

Apex Legal Group PLLC is available to advise you of your debt relief options. Our attorneys will take the time to help you understand all of your rights and alternatives before proceeding in either of the most common types of bankruptcy:

Chapter 7 (Discharging all unsecured debt): A government-mandated means test will determine whether you qualify to file Chapter 7.

This form of bankruptcy can discharge or eliminate your unsecured debt such as credit cards and medical bills in just a few months. You can most likely keep your house and car, as long as you reaffirm those loans and continue making monthly payments.

Chapter 7 may allow you to eliminate certain types of tax debt, but you may not eliminate student loans and other government loans.

Chapter 13 (Protecting your secured assets and following a payment plan): A Chapter 13 is a common alternative for individuals who do not qualify under Chapter 7.

Restructure your existing debt into affordable monthly payments, supervised by the bankruptcy court. Under Chapter 13, you may include your student loans, taxes and other government debt.

You can file Chapter 13 to immediately stop house foreclosure and car repossessions. Chapter 13 bankruptcy allows you to protect any of your secured assets, including your home or automobile.

Attorneys Dedicated to Helping You Achieve Debt Relief

Our attorneys are sensitive to the individual needs of our clients and the challenges of the legal process. Throughout your bankruptcy case, we will remain mindful of your schedules and streamline the process for you in any way we can.

Contact us today to discuss your debt relief needs and how you can file Chapter 7 or Chapter 13 bankruptcy. Get the fresh start you need tomorrow.

We are a debt relief agency and can help you file for bankruptcy relief under the U.S. Bankruptcy Code.