Should I File Chapter 7 or Chapter 13 Bankruptcy?
Every bankruptcy case is different. Some individuals will benefit from a Chapter 7 bankruptcy, while others are better off filing a Chapter 13 bankruptcy. Chapter 7 requires you to meet certain income requirements and may require you to sell some assets to pay off creditors, while a Chapter 13 bankruptcy requires a repayment period of three to five years. Our experienced bankruptcy attorneys can help you determine which would be best for your unique situation.