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Chapter 7 and Chapter 13 Lawyers

The most popular chapters for bankruptcy filings are Chapter 7 and Chapter 13. Every other chapter of the bankruptcy code has exclusions as to who may file so most persons who file for bankruptcy only qualify for Chapter 7 and Chapter 13. A liquidation of all debts is allowed under Chapter 7 and Chapter 13 order create payment plans over 3-5 years for existing debts.

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Frequently Asked Questions

What Is The Difference Between A Chapter 7 And Chapter 13 Bankruptcies?
The decision on whether to file a Chapter 7 or Chapter 13 bankruptcy should be based on your circumstance and the kind of debts that you have incurred. A Chapter 7 bankruptcy is commonly filed by … more
What Are The Basic Requirements For Filing A Chapter 7 Petition For Bankruptcy?
Each type of bankruptcy has its own requirements for filing. An individual who is filing for Chapter 7 bankruptcy is required to meet the “means test” to be eligible. The means … more
What Are The Basic Requirements For Filing A Chapter 13 Petition For Bankruptcy?
Each type of bankruptcy has its own requirements for filing. An individual who is filing Chapter 13 bankruptcy has two principal requirements: (1) The debtor must have regular income and, (2) … more
Can I Change From One Chapter To Another?
Yes. In general, you may convert your filing to one type of bankruptcy to another. Proper procedure and requirements must still be fulfilled when converting your bankruptcy.
Will All Of My Debts Be Discharged In A Chapter 7 Bankruptcy?
No. It depends upon the type of debt. Though bankruptcy filing does discharge most debts, there are certain debts which will not be removed. These debts which are usually not removed … more