Differences Between Chapter 7 And Chapter 13 Bankruptcy

Chapter 7 bankruptcy and Chapter 13 bankruptcy are the two most common types of bankruptcy. A Chapter 7 bankruptcy is a debt liquidation bankruptcy that allows individuals to completely discharge credit card bills, medical bills and most other forms of consumer debt.

Chapter 13 bankruptcy calls for the creation of a debt repayment plan that typically lasts for 36 to 60 months. With a Chapter 13 payment plan, you are only required to pay what you can afford to pay. In addition, people who file for Chapter 13 bankruptcy are often able to discharge a significant portion of their unsecured debts after the successful completion of their Chapter 13 plan.

I am attorney Steven F. Bilsky, and I encourage you to speak with me to learn more about bankruptcy. I can help you determine if bankruptcy is right for you. I can also help you determine which type of bankruptcy is best suited to meet your needs. To schedule a free consultation, contact my law office in Memphis, Tennessee.

Learn More About The Difference Between Chapter 7 And 13 Bankruptcy

At your free consultation, I will examine key issues to help you make an informed decision about the type of bankruptcy that is right for you. Some of the issues we will explore include:

  • Your eligibility for Chapter 7 and Chapter 13 bankruptcy: Many of the people who contact my office are eligible for Chapter 7 bankruptcy. If you are not eligible for Chapter 7 bankruptcy, there is still a good chance that you will be eligible for Chapter 13 bankruptcy.
  • Whether you would lose significant property in a Chapter 7 bankruptcy: While many of my clients are able to keep most if not all of their property in a Chapter 7 bankruptcy, there are some individuals who may have significant assets that could be subject to liquidation. For such individuals, a Chapter 13 bankruptcy may be a better option than Chapter 7 bankruptcy
  • Your particular debt problems: Chapter 13 bankruptcy may be your best bet if you are trying to save your home from foreclosure. Chapter 7 bankruptcy, on the other hand, calls for a complete discharge of credit card bills, medical bills and most other consumer debts.

These are just a few of the considerations that must be taken into account if you are considering bankruptcy. I am pleased to meet with you personally at your free consultation to answer your questions and help you make an informed decision about bankruptcy.

Put My Experience To Work For You

Do not make the assumption that all bankruptcy lawyers are the same. Contrary to what some people belief, bankruptcy is not a simple process of filling out forms. A skilled and dedicated bankruptcy lawyer will carefully draft your bankruptcy filings with the court to craft a debt strategy that is tailored to meet your particular needs.

I have been practicing in bankruptcy law for more than 30 years, and I have helped thousands of clients obtain debt relief. As a solo practitioner, I work closely with my clients. I will take time to answer your questions, understand your financial circumstances and create a debt relief strategy with your particular needs in mind. You can rely on me for the quality legal representation and superior client service you deserve.

Contact A Tennessee Bankruptcy Lawyer

You do not have to face your debt problems alone. I am here to help. I serve clients throughout the Memphis metropolitan area. To schedule a free consultation with a Memphis bankruptcy attorney, contact my law office at 901-236-0572 or 888-336-3691. You may also contact my office by email.

The Law Office of Steven F. Bilsky is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.