Chapter 7 bankruptcy allows a person to completely eliminate most unsecured debts, including debts such as credit cards and medical bills. In most cases, people filing a Chapter 7 bankruptcy will not be required to pay anything to their unsecured creditors. Because there are certain requirements that must be met before approval will be granted, it is important that an experienced legal professional help with your application. Don’t let your uncertainty about bankruptcy procedures stop you from taking advantage of such a helpful process. Our team is here to help simplify this process.
Chapter 13 bankruptcy involves the consolidation of outstanding debts into a single manageable repayment plan.
Under Chapter 13, an individual will pay back a portion, or in some cases all, of the debt owed over a three- to five-year period.The rate will usually be significantly reduced depending on the amount currently being paid. Our team will work with you to address your unique needs and review the various factors that determine which chapter is right for you. An initial consultation with us will provide you with insight as to which chapter is available to you and why.