Bankruptcy 101: What's Chapter 7 and Chapter 13?
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Chapter 7 Vs. Chapter 13 Bankruptcy

Your Personal Bankruptcy Options

If you're considering filing bankruptcy, you're probably trying to figure out which bankruptcy type is best for you.

This Bankruptcy 101 resource examines both types of bankruptcies so you can consider more information when making a bankruptcy decision.

Defining Chapter 7 Bankruptcy Chapter 7 was designed to eliminate debt.

It's often better for people who have little or no property but have a lot of unsecured debts like medical bills, credit card debt and payday loans.

Defining Chapter 13 Bankruptcy Often a good idea for homeowners or people with significant assets, Chapter 13 bankruptcy can restructure payments and payment deadlines.

Chapter 13 bankruptcy is designed for people who are looking to keep their property and repay their bills.

Comparing Chapter 7 Bankruptcy and Chapter 13 Bankruptcy This side-by-side comparison of the two types of personal bankruptcies can help you see which type may be best for you.

Other Bankruptcy Questions? Talk to a Bankruptcy Lawyer Today

Bankruptcy lawyers work every day to help people get out of debt. If you're thinking about filing bankruptcy, enlist the help of a bankruptcy attorney. We'll connect you to a local bankruptcy lawyer-for free and with no obligation.


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