Chapter 7 or 13? Which kind of bankruptcy is best for you?

There are two basic types of bankruptcy to protect the average consumer; chapter 7 and chapter 13.

With chapter seven you are able get rid of most debts and are released from payment obligations. In chapter seven, the court appoints a trustee who has the ability to sell your non-exempt personal assets to pay your creditors. The attorneys at 1-800-BANKRUPT are skilled and experienced in protecting your assets from the court and helping you keep as much as possible.

Chapter thirteen consolidates and restructures your debt into a monthly payment plan that meets your budget. You make payments under the courts supervision. There is no risk of losing any of your assets.

Chapter seven takes an average of six months to complete and chapter thirteen between three and five years.

Because the bankruptcy code is complicated, the decision of whether to file under chapter seven or chapter thirteen should be made with the guidance of our professionals. As part of our FREE consultation, we'll help you with the bankruptcy "means test" the court requires before you can file.

Having 1-800BANKRUPT on your side makes all the difference. Our knowledgeable attorneys will help determine your best course of action for a secure financial future!

Talk to a 1-800-BANKRUPT attorney today, and sleep better tonight!