Chapter 7: Chapter 7 allows debtors who qualify to discharge certain unsecured debts. Chapter 7 is referred to as a “fresh start” bankruptcy!

  • An unsecured debt is a loan that is not backed by collateral. For example, credit card debt, unsecured personal loan.

Chapter 13: Chapter 13 is a payment plan, which can last from 3 to 5 years. Upon successful completion of the payment plan, then your unsecured debts will be eliminated.

Chapter 11: Chapter 11 is generally referred to as a “reorganization” bankruptcy. Chapter 11 is generally used to reorganize a business, whether it’s a sole proprietor, a corporation, or a partnership.

Who Should Consider Bankruptcy?

  • Chapter 7 – A Liquidation bankruptcy

    • Did you lose your job?
    • Do you have high medical bills or credit card debts?
    • Do you have no assets or a few assets that you want to keep?
  • Chapter 13 – A payment plan bankruptcy

    • Do you have property you want to keep?
    • Do you have consistent income to pay your debts over 3 years? Over 5 years?
    • Are you behind on your mortgage payments?

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Practice Areas

Family Law
Personal Injury
Real Estate
Estate Planning

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