How Are Chapter 7 And Chapter 13 Bankruptcy Different?
Benefits Of Both Chapter 7 & Chapter 13 Bankruptcy
- Stop harassment from creditors
- Stop wage garnishment
- Permanently discharge eligible debts
What Is Chapter 7 Bankruptcy?
- How does it work? Non-exempt assets are liquidated to repay creditors
- Who is eligible? Means-tested based on household size and monthly/annual income
- How long does it take? 3-6 months
- How long will it stay on my credit report? 10 years
- Who is it best for? People who do not own much property, have lower income, and primarily have credit card, medical and personal debt
What Is Chapter 13 Bankruptcy?
- How does it work? A repayment plan is established to pay back debts; debts may not be discharged, although the total debt may be reduced
- Who is eligible? Any individual with less than $394,725 in unsecured debts and less than $1,184,200 in secured debts
- How long does it take? 3-5 years
- How long will it stay on my credit report? Seven years
- Who is it best for? People with regular income or those who want to keep their home, car or other property

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.