Our Bankruptcy practice area provides clients with the necessary counsel to determine whether a Chapter 7 or Chapter 13 bankruptcy is right for them. Chapter 7 bankruptcy is the most common personal bankruptcy as it discharges various kinds of debt. Chapter 7 can be a good option for individuals facing a great deal of unsecured debt, including things like credit card debt, medical bills, and utility bills. Chapter 13 bankruptcy creates a realistic debt payment plan, which typically lasts three to five years, depending on the circumstances. Chapter 13 provides an opportunity for individuals with secured debts, like mortgages or car loans, to keep their assets safe.
To determine which type of bankruptcy is most appropriate requires an involved investigation into your financial affairs including your income (past and current income), the members of your household, and the property you have owned in the past and currently own. Sosnowski Szeto, LLP will handle your case personally and will work hard to bring your case or legal concern to its best possible resolution.
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