What Are the Differences Between Chapter 7 and Chapter 13 Bankruptcy?

If you are considering filing for bankruptcy it is vital that you understand the differences between Chapter 7 and Chapter 13 bankruptcy. Here are some of the distinguishing factors.

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The Benefits of Bankruptcy

While bankruptcy is never an optimal outcome, filing does have its advantages.

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The Myths of Bankruptcy

Many people demonize bankruptcy by putting out misleading myths about the process.

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What Happens If I Don’t Make My Chapter 13 Payment?

The effects of the new bankruptcy law make the process of filing for bankruptcy more complex, requiring attorneys to specialize in bankruptcy law.

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How Flexible is Chapter 13 Bankruptcy?

Chapter 13 bankruptcy offers a great deal of flexibility in the event of a change of income or expenses during the duration of the plan.

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