Chapter 7 vs Chapter 13: which bankruptcy fits your situation?

Chapter 7: getting a fresh start

Chapter 7 wipes out most unsecured debts, credit cards, medical bills, and personal loans, often within a few months. It is typically best for individuals whose income is at or below Kentucky's median and whose debt is mostly unsecured. You can begin for $0 down.

Chapter 13: reorganize and repay

Chapter 13 combines your debts into one affordable monthly payment over three to five years. It stops foreclosure and repossession the day you file and is specifically built to let you catch up on a mortgage or car loan you want to keep.

Which is right for you?

The honest answer depends on your income, your assets, and your goals. That is exactly what a free consultation is for, no obligation, no pressure.

Talk to a local bankruptcy attorney

Call or text (276) 409-5541 (or send us a text) · Email [email protected]
Office: 156 Ky Oil Village, Betsy Layne, KY 41605 (by appointment only) · Book your free, no-obligation consultation.

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Dalton Stanley is the attorney responsible for the content of this website. Principal office located at 156 Ky Oil Village, Betsy Layne, KY 41605. The information provided on this website is for general educational and informational purposes only and does not constitute formal legal advice. Viewing this website or submitting a contact form does not create an attorney-client relationship. Licensed to practice law in the Commonwealth of Kentucky. THIS IS ADVERTISING MATERIAL. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.