“Which Is Better: Chapter 7 or Chapter 13 Bankruptcy? It Depends on Your Situation”

The choice between Chapter 7 and Chapter 13 bankruptcy depends on your financial situation. If you have significant assets, Chapter 13 may be the best option to protect those assets while repaying your debt over a three to five-year period. For those with little or no assets, Chapter 7 offers the potential to eliminate unsecured debt. Qualification for Chapter 7 depends on your income and expenses, with a means test determining eligibility. Contact Attorney David Siegel to discuss which option is best for you and how we can help.