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Understanding the Difference Between Chapter 7 & 13

Differences Between Chapter 7 & 13?

Find the best possible solution for your finances!

Debt can creep up quickly and before you know it, the thought of repaying everything you owe seems impossible. This is where bankruptcy comes in. Choosing to file can give you a fresh financial start and help you recover effectively from your debt. The key, however, is choosing the right chapter for your particular circumstances.

There is no doubt that bankruptcy law can be confusing, especially without legal assistance. At my firm, I take the time to explain viable options to my clients, walk them through every step of the process, and achieve an outcome they are satisfied with. Put my experience as a Gainesville bankruptcy lawyer to work on your behalf.

Which chapter is better suited to my circumstances?

The biggest factor that affects which chapter people choose is their current disposable income. Chapter 13 is designed for those with enough income to repay some of their debts, while Chapter 7 allows debtors to have the majority of their debts completely erased. It is also important to determine whether you have property you want to hold onto after filing; Chapter 13 generally suits individuals with valuable property worth keeping.

Chapter 7 is different than Chapter 13 because:

  • Both individuals and business entities can file
  • Disposable income must be low enough to pass the means test
  • Debt is usually discharged much quicker
  • Debtors cannot take advantage of lien stripping
  • Foreclosure and repossession is less easily avoided

You should always understand the pros and cons of both chapters before filing. Selecting the wrong chapter can cause you to waste time and even damage your finances unnecessarily.

Begin the Process with a Gainesville Bankruptcy Attorney

While debt is certainly overwhelming, the good news is that you can begin taking steps to eliminate it starting today. My firm has the resources and experience to make the filing process as effective as possible. Whether you are a college student or heading into retirement, bankruptcy may be the answer to your problems.

I look forward to making your financial goals a reality. Schedule a free consultation today and learn why debtors throughout Florida have trusted my skill and ability for the last 20+ years!

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We truly care for you!
  • “Barbara Cusumano is the best.”

    David & Barbara G.

  • “Barbara Cusumano is a great attorney. From the first time I met her she made me feel so comfortable at the steps I was taking with the bankruptcy.”

    Latasha

  • “Barbara Cusumano was very patient with me and told me everything I needed to know about Ch. 13 and then some.”

    C. Tsui

  • “Barbara and her staff welcomed me in and I felt very comfortable with her.”

    Nancy

  • “She is the best attorney ever!”

    Diana P.

  • “She was so patient and kind and walked us right through our problems and got us took care of us.”

    Sandy D.

  • “Her positive attitude, kindness, and professional courtesy enabled us to complete the process, learn a difficult but valuable lesson, and start rebuilding our lives.”

    Mr. and Mrs. C.

  • “I had spoken to a few other firms in town and Barbara Cusumano was the easiest to work with.”

    Mr. King

  • “We knew of Barbara Cusumano's professionalism before we contacted her.”

    D. G.

  • “Very experienced and knowledgeable attorney.”

    Ridel N.

  • “Thank goodness she was there! I hope I never have to go through that again, but if I ever do, I know just who to call!!!”

    A. Jackson

  • “She made the process extremely comfortable.”

    J.L. Robinson

  • “Throughout the whole process, she was very personable, yet professional. I would wholeheartedly recommend her services to anyone.”

    Connie

  • “Barbara Cusumano was my bankruptcy attorney and she was absolutely awesome.”

    D.& T. Smith

  • “She goes the extra mile advising her clients to help them make an educated decision.”

    P. Burns

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