Should I file a chapter 7 or a chapter 13 bankruptcy?

Should I file a chapter 7 or a chapter 13 bankruptcy? Not an easily answered question.

The answer to this question is different for everyone and can change with time. It is not a question that can be answered generically over the Internet. There are many factors that must be taken into consideration when determining whether a chapter 7 or chapter 13 is a better fit for your unique financial situation. Some of these factors include: your last 6 months of household income; your forward looking income; how much money you have left over each month once your living expenses have been paid; whether your income is expected to increase or decrease in the next year or so; the value of your assets; the kind of assets you have; whether you owe a lot of back taxes. This list could go on and on. It is extremely important that you speak with one of our experienced bankruptcy attorneys to determine which chapter will best accomplish your goals in eliminating your debt.

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