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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.

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