Chapter 7 vs. Chapter 13: How to Decide Which Bankruptcy Option Is Best for You

Modern Family Matters

Join us as we sit down with bankruptcy attorney, Darin Wisehart, to talk through the differences between a Chapter 7 and Chapter 13 bankruptcy, and how to decide which option is best for you. In this interview, Darin answers the following:
• How do I know which of these types of bankruptcies I may—or may not—qualify for?
• What are the benefits and consequences of filing a Chapter 7 or Chapter 13 Bankruptcy?
• What are the differences between a liquidation and a reorganization?
• When does a Chapter 7 or a Chapter 13 Bankruptcy let me keep my property?
• Which should I consider if I own a home and want to keep it?
• Which should I file if I’m dealing with substantial unsecured debts like medical and credit card bills?
• What if I earn enough to cover an adjusted repayment of my debts?
• Which one costs more, a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy?
• Is there a difference about which debts go away and which I still have to pay?
• If I’m getting divorced, which type is right for me?

If you would like to speak with one of our family law attorneys, please call our office at [phone], or visit our website at https://www.landerholmlaw.com.

Disclaimer: Nothing in this communication is intended to provide legal advice nor does it constitute a client-attorney relationship, therefore you should not interpret the contents as such.