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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Law » What is the difference between Chapter 13 and Chapter 7? – Provo Bankruptcy Lawyers

What is the difference between Chapter 13 and Chapter 7? – Provo Bankruptcy Lawyers


Bankruptcy Lawyers Provo Utah. Visit www.provoutahbankruptcylawyers.com or call us at (801) 701-2030 for more information about filing bankruptcy in Provo, UT. In this video, Corey discusses the difference between Chapter 13 Bankruptcy and a Chapter 7 Bankruptcy. For more bankruptcy help, visit www.provoutahbankruptcylawyers.com Provo Bankruptcy Questions and Answers What is the difference between a Chapter 7 and a Chapter 13? If you’re trying to figure out the difference between a Chapter 7 and a Chapter 13 let me make this really easy for you. Are you trying to save something –like a house or a car– or are you just trying to wipe the slate clean and start over? That’s the big difference. Chapter 7 is going to allow you to just wipe the slate clean right now and just start over immediately. A Chapter 13 is going to allow you to restructure how you’re going to pay your debts so that you can keep a house or car or pay back some debt that you have that’s doable for you based on new circumstances. If you’re trying to decide “which one should I choose?” that’s the basic way to look at it. “What am I trying to accomplish? Am I just trying to get rid of all my debt or am I trying to change the numbers and make it easier for me to do financially?” That will give you’re your answer right there as to which one you should choose.

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