Oct 26, 2022 · Chapter 7 and Chapter 13 bankruptcy are two options that apply to consumers. What Is the Difference Between Chapter 7 and 13? "The two most common types of consumer …

Apr 5, 2024 · Chapter 7 and Chapter 13 bankruptcy handle eliminating your debt differently. With Chapter 7, unsecured debts are discharged and assets may be liquidated to repay your …

Learn the differences between chapter 7 & chapter 13 bankruptcy, how to choose which option is best for you, and who to turn to for help with your choice.

Dec 12, 2025 · Learn about Chapter 7 and Chapter 13 bankruptcy differences, including costs, timelines, debt limits, and property rules, then get clear answers to questions most filers ask.

Aug 27, 2025 · People choose Chapter 13 over Chapter 7 when they want to file bankruptcy and keep assets while they catch up on missed payments. Chapter 13 reorganizes debts into an …

Sep 3, 2025 · The two most common types of personal bankruptcy are Chapter 7 and Chapter 13, each designed for different financial situations and offering distinct advantages and limitations.

Discharge of medical debt for individuals overwhelmed by medical bills, one of the most common reasons people file for bankruptcy. 8. No cap on how much debt you can discharge. 9. Legal …

Nov 23, 2025 · Key Takeaways Chapter 7 focuses on liquidation and quick relief from unsecured debt, with potential asset loss and a shorter path to discharge. Chapter 13 emphasizes a …

May 5, 2025 · Most individuals file under Chapter 7 or Chapter 13, and while both offer powerful protections, they serve different needs. Understanding the differences can help you make the …

Sep 15, 2025 · Chapter 7: Quickly discharges unsecured debt only. Debtors must maximize their bankruptcy exemptions to protect their assets. Chapter 13: Offers a discharge after 3 to 5 years.