Chapter 7 or Chapter 13? Here's how to choose.

Should you file a Chapter 7 and walk away from debt fast?

Or a Chapter 13 to pay something on your debts over time?

It all depends on what you want to accomplish with your bankruptcy. So let's start there.

If you want to wipe out your debt as fast as possible, a Chapter 7 is probably right for you.

A Chapter 7 is the faster option. Most cases are done in about four months.

And it completely eliminates most debts, including credit cards, medical bills, personal loans, and payday loans.

You're more likely to qualify for a Chapter 7 if you make less than a certain threshold, you don't own a lot of valuable assets, and you haven't filed a Chapter 7 in the last eight years.

If you want to save your home or car, a Chapter 13 is probably right for you.

A Chapter 13 is almost always the better tool when you're behind on your mortgage or car loan.

That's because a Chapter 13 lets you catch up on those missed payments gradually, without coming up with a lump sum all at once. Meanwhile, a Chapter 7 doesn't help at all here.

And while a Chapter 13 takes three to five years compared to four months for a Chapter 7, that extra time can work in your favor when it lowers your monthly payments.

Not sure which to choose?

That's exactly why we offer free consultations, to help you find the right path forward.

We also keep upfront costs low so we can get you filed fast.

Call (866) 440-0992 or fill out the form to schedule your FREE consultation.

BEFORE you make another payment on any debt, call us for a free consultation to learn ALL of your options

Call Now For Your
FREE Consultation
(866) 440-0992

Call Now For Your FREE Debt Consultation

(866) 440-0992

Privacy Policy Terms Contact We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.