Chapter 7 vs. Chapter 13 Bankruptcy [Infographic]

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If you are ready to get rid of overwhelming debt, you might be considering bankruptcy as an option. Two of the most common types of bankruptcy chapters filed for individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 bankruptcy is a great option for individuals who are having a hard time making ends meet. If you are drawing in debt and you know you won’t be able to make payments, Chapter 7 might be the right choice for you.

If you can make some payments, but they have become too overwhelming, Chapter 13 bankruptcy could be the choice for you. Chapter 13 bankruptcy allows you to reorganize your debt into one consolidated payment plan that lasts three to five years. With Chapter 13 bankruptcy, you can keep your assets and start your path toward financial freedom.

If you need help finding the right bankruptcy option for you, our Fort Lauderdale bankruptcy attorneys are here to help you. Call us today at (954) 280-5066!

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