Chapter 7 vs. Chapter 13 Bankruptcy

We’ll help you choose between filing Chapter 7 or Chapter 13

Both Chapter 7 and Chapter 13 bankruptcy help you overcome debt challenges, but they have unique approaches in how they do it.  Whether you should file Chapter 7 or 13 depends on 1) Your income 2) Your assets, and 3) Your goals for eliminating debt. The image below shows the main differences between the two types of bankruptcy.

chapter 7 and 13 kansas city bankruptcy

Chapter 7 and 13 both have benefits to help you eliminate debt

Benefits of Chapter 7 Bankruptcy

  • Get rid of all unsecured debt (credit cards, medical bills, etc)
  • Only takes 3-5 months to complete the process

Benefits of Chapter 13 Bankruptcy

  • Allows you to keep your assets instead of losing them
  • Creates a manageable debt payment plan that lasts 3-5 years

Start Your Free Chapter 7/13 Evaluation

Coleman can help you decide between Chapter 7 and Chapter 13

Coleman can help you decide between Chapter 7 and Chapter 13

Our bankruptcy attorney can explain the two types in greater detail and help you decide which one is your best option. Start by getting a Free evaluation.