Chapter 7 vs. Chapter 13

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Chapter 7

  • You have little to no disposable income and are interested in a quick liquidation of unsecured debts.
  • You are behind on credit card and/or medical bills.
  • Your wages are currently being garnished or are facing a wage garnishment.
  • You have little to no valuable assets to protect.

Chapter 13

  • You have the ability to repay some of your debts, but not all, and wish to lower and restructure your payments.
  • You are facing foreclosure or are behind in your mortgage and/or car payments.
  • You need to take control of state or federal tax liens or debts.
  • You have valuable assets that you wish to protect.