answers to your questions about legal situations

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answers to your questions about legal situations

Have you recently found yourself facing a legal situation and don't know how to proceed? Is this an incident that requires the assistance of an attorney working on your side? Can you get away with not hiring an attorney? These and many more questions are answered on my website. Having worked as an assistant in the legal world, I have gotten to know quite a bit about different legal situations and have provided you with several examples and pieces of advice that can help you. Hopefully, you will find everything you need to help you through this difficult time in your life.

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Making The Bankruptcy Chapter Decision

Deciding between Chapter 7 and Chapter 13 bankruptcy is a significant financial decision that can have long-term implications for your financial situation. It's crucial to carefully consider your specific circumstances and goals before making a choice. Below are some factors to consider.


To begin, determine your eligibility for each type of bankruptcy. Chapter 7 has stricter eligibility requirements, including passing the means test to assess your income compared to the median income in your state. If you qualify for both, weigh the advantages and disadvantages of each option.

Debt Discharge

Chapter 7 bankruptcy typically results in a complete discharge of unsecured debts like credit card debt, medical bills, and personal loans. On the other hand, Chapter 13 involves a repayment plan to pay off a portion of your debts over several years.

Asset Protection

Consider the protection of your assets. Chapter 7 may involve the liquidation of non-exempt assets to pay off creditors, while Chapter 13 allows you to keep your assets and pay off debts over time.

Income and Budget

Assess your current and future income. If you have a stable income but are struggling with debt, Chapter 13 might be a better option since it allows you to repay a portion of your debts over time based on your income and expenses.

Foreclosure or Repossession

If you want to prevent foreclosure on your home or repossession of assets like a car, Chapter 13 bankruptcy provides an opportunity to catch up on missed payments and retain the property.

Long-Term Impact

Consider the long-term impact on your credit score and financial future. Both chapters will have a significant effect on your credit, but Chapter 7 typically remains on your credit report for ten years, while Chapter 13 remains for seven years.

Ability to Repay

If you have a steady income and can afford to repay some of your debts, Chapter 13 may be a better option as it allows you to restructure your debts and catch up on missed payments.

Future Financial Goals

Evaluate your future financial goals. Chapter 7 can provide a clean slate faster, allowing you to rebuild your credit and work towards your financial goals sooner. Chapter 13 may help you keep certain assets and achieve specific financial objectives.

Consult an Attorney

Bankruptcy is a complex legal process, and it's essential to consult with an experienced bankruptcy attorney. They can assess your financial situation, explain the options available to you, and guide you through the bankruptcy process.

Contact a local bankruptcy attorney to learn more.