Chapter 7 vs. Chapter 13 Bankruptcy
Do you have questions about the differences between a chapter 7 vs. chapter 13 bankruptcy? If so, watch this video by Buffalo Bankruptcy Attorney Michael F. Barrett for guidance. If you are considering bankruptcy, or have questions about your particular case, please contact us to schedule a consultation. Let our experience work for you.
- Chapter 7, commonly known as liquidation bankruptcy, is the most common form of bankruptcy.
- Chapter 13 is used by people who either make too much money to qualify for Chapter 7 or are facing foreclosure and need to protect their home.
- In Chapter 7 bankruptcy, most people don’t lose their property, while filers of Chapter 13 bankruptcy are required to make monthly payments for a set period of time or until a specified portion of their debt is repaid.
Do you have questions about the difference between and chapter 7 vs. chapter 13 bankruptcy? Contact our dedicated Buffalo bankruptcy attorneys today to schedule a confidential consultation. Let us help you on your road to financial recovery.