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Which Chapter of Bankruptcy Is Best?
Which chapter is best depends on the nature of your debt and the nature and value of your assets.


CHAPTER 7
Chapter 7 is the most frequently selected kind of bankruptcy for individuals. The debtor receives a discharge of most unsecured debts within several months of filing the case. Most debts are dischargeable. A few debts including support, alimony, some taxes, and most student loans are not dischargeable.


CHAPTER 13
Chapter 13 is frequently a better choice if:

  • you have debts that are not dischargeable under Chapter 7
  • you are in default on mortgages or car payments
  • you have too much income to file a Chapter 7 bankruptcy
  • you have more property than can be exempted from creditors in Chapter 7
  • you owe taxes or other debts that are not dischargeable in Chapter 7

    To be eligible for Chapter 13, you must have regular income and debts below a certain level.

    The choice of chapter depends on many factors particular to your individual situation,and is one of the most important reasons to get good legal advice before filing.

We are a debt relief agency we help people file Bankruptcy Petitions to obtain relief under the Bankruptcy code.

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