Pennsylvania Individuals And Businesses

  1. Home
  2.  » 
  3. Consumer Bankruptcy
  4.  » Bankruptcy Options

Determine Which Bankruptcy Option Is Best for You

At Case & DiGiamberardino, P.C., our bankruptcy attorney can help you determine which form of bankruptcy is best for your unique circumstances. Chapter 7 and Chapter 13 provide individual consumers with different types of benefits and opportunities. Choosing which type of bankruptcy petition is most suitable for your particular situation will depend on your long-term and short-term goals. Discussing your situation and goals with our competent and experienced attorneys is your first step to get help with consumer bankruptcy.

Should I File Chapter 7 Or Chapter 13 Bankruptcy?

Chapter 7:

  • The primary benefit you will have from filing Chapter 7 bankruptcy is the elimination of your unsecured debt.
  • When you file Chapter 7 bankruptcy, you can get a discharge in a shorter amount of time than in Chapter 13. The typical Chapter 7 case lasts four to six months from the date you file your petition with the court.
  • Chapter 7 provides for the shelter of your assets through laws called “exemptions.” While the exemption laws do have limits, they do shield many assets from seizure.

Chapter 13:

  • Chapter 13 can also eliminate some or all of your unsecured debt, but the main benefit of filing Chapter 13 bankruptcy is helping you with secured debt and tax debt. Filing Chapter 13 can stop foreclosure on your home or repossession of other types of secured collateral and can address back taxes.
  • Another primary benefit of filing Chapter 13 is the protection of your valuable assets from seizure by your creditors. In addition, Chapter 13 allows you to create a payment plan that will as an alternative to the liquidation of your assets in Chapter 13. And when your payment plan is complete, you will discharge your debts and continue to own your assets.

Connect With Our Bankruptcy Attorney

To fully understand how these laws affect you and your family, please contact our Lehigh Valley bankruptcy attorneys to discuss your case. Schedule a free initial consultation at one of our three office locations: Lancaster, Malvern or Wyomissing. You can call 610-936-6650 or contact the firm via email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.