Se Habla Español

Differences Between Chapter 7 and Chapter 13

Watch this video to learn about the differences Between Chapter 7 and Chapter 13 bankruptcy. Then call Perenich the Law Firm for a free legal consultation.

Question:

What are the differences between chapter 7 and chapter 13 bankruptcy?

Answer:

Differences Between Chapter 7 and Chapter 13
Every time I meet with a client, I explain to them the differences between the chapters in bankruptcy. The most typical chapters for an individual are Chapter 7 and 13. In a nutshell, Chapter 7 involves the surrender of assets to discharge debt. Not everybody who files a Chapter 7 has assets to surrender, so it could be a very good thing for them to file a Chapter 7 case. By contrast, a Chapter 13 involves a payment plan, typically three to five years.

We’ve been representing bankruptcy clients for about 30 years here at Perenich Law Injury Attorneys. We provide a free consultation. I’m happy to sit with you and go over your finances to determine whether or not you’re a good candidate for bankruptcy.

 


Are you or a loved one unable to pay your debts and have questions about the differences between Chapter 7 and Chapter 13? Contact our experienced Clearwater Bankruptcy Lawyers at Perenich Law Injury Attorneys today for a free consultation and case evaluation.

Our Florida law firm helps those struggling with debt see the light at the end of a dark tunnel. Let us navigate it for you.

Like Us on Facebook

FREE CONSULTATION

Client Reviews

stars
“The way your law firm handled my case for me was incredible. You took the stress of an unpleasant experience and settled it in the most professional way possible. I am truly grateful and will always recommend you to all my friends. Thank you.”
– Bill Baker
Read More Reviews