How Do I Know Whether I Should File Chapter 7 or Chapter 13 Bankruptcy?

We at Lewis & Jurnovoy will help you with that every step of the way. My law partner and I have handled thousands of both Chapter 7 Bankruptcy and Chapter 13 Bankruptcy cases. There are many different reasons for filing each type of bankruptcy; here are just a few of the reasons below.

Most people want to pay back their creditors. This is sort of ingrained in us, and we understand that mentality. However, we have to be realistic and the law says that you are more important than the people you owe money to. Typically we will start with you, your family, your income, your expenses, your health and the health of your family, your basic needs, and then we ask, “what is left?” Most creditors want you to put them first, but that is backwards and we are here to help you prioritize.

If your budget only allows you to meet your basic needs, or maybe even less, then you will probably benefit with a Chapter 7 Bankruptcy, which is a bankruptcy that wipes out or removes most of your debts. This is best if you just can’t afford repayment and are doing without things that you need most. If you can afford some type of repayment but under different terms, or are maybe trying to save a house from mortgage foreclosure or a car from repossession, then maybe Chapter 13 Bankruptcy is best for you.

Even though we’ve handled thousands of cases, every client’s case is different. We meet with all of our clients face to face in an effort to determine which bankruptcy case, if any, is best for you. Whether it is Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, we will guide you through the entire case process from start to finish, including court appearances. We go to Bankruptcy Court with our clients, so that you’re not left alone in the process.

Call or email us today and let us sit down with you for your Free Consultation and discuss the benefits of filing Bankruptcy. We consider both Chapter 7 Bankruptcy and Chapter 13 Bankruptcy methods in giving you the fresh start you need to begin a new path in life.