The Differences Between Chapter 7 & 13 Bankruptcy
Serious financial troubles can arise at almost any time and can affect almost anyone. The sudden loss of a job or a medical emergency can all result in difficult financial situations that can easily leave someone with an unmanageable amount of debt. Fortunately, there are ways for people to recover from growing debt levels. Filing for either Chapter 7 or Chapter 13 bankruptcy may be the best way for a person to overcome their financial difficulties and start over.
To learn more about your bankruptcy options, call the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800. Our experienced attorneys can discuss your situation with you and offer a free and confidential evaluation.
Chapter 7 versus Chapter 13 Bankruptcy
Chapter 7 and Chapter 13 bankruptcy are two kinds of bankruptcy that are available to individuals to help them overcome their debt problems. However, Chapter 7 bankruptcy and Chapter 13 bankruptcy help people deal with their debt in different ways:
- Chapter 7: Many of the individual’s debts are discharged, or erased altogether
- Chapter 13: Individuals work with their creditors and lawyers to create a new, more manageable re-payment plan to pay back debts
Both of these types of bankruptcy can help you overcome your debt and pursue a more stable financial future.
Contact Us
Contact the West Palm Beach bankruptcy attorneys of Eric N. Klein & Associates, P.A., at 561-353-2800 to learn more about these two forms of bankruptcy. An experienced attorney can help you decide which type of bankruptcy is best for your unique situation.
