Consumer Bankruptcy

Chapters 7 & 13

Consumer Bankruptcy Law

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What is Chapter 13 Bankruptcy: Reorganization of debt through a repayment plan. What are the advantages of Chapter 13 Bankruptcy: Allows you to keep property and repay non-dischargeable debt over time. Who can benefit from Chapter 13 Bankruptcy: Individuals and sole proprietors. What are the disadvantages of Chapter 13 Bankruptcy: Monthly payments must be made to trustee for 3-5 years. What is Chapter 7 Bankruptcy: Liquidation debt elimination. What are the advantages of Chapter 7 Bankruptcy: Erases debt through a discharge fairly quickly. Who can benefit from Chapter 7 Bankruptcy: Individuals and sole businesses that qualify. What are the disadvantages of Chapter 7 Bankruptcy: Non-exempt property can be sold by the trustee.

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Frequently asked questions

What Are the Advantages of Filing Bankruptcy?

What Is Bankruptcy?

What Happens When You File for Bankruptcy?

What Is Chapter 7 Bankruptcy?

What Is Chapter 11 Bankruptcy?

What Is Chapter 12 Bankruptcy?

What Is Chapter 13 Bankruptcy?

What Is the Downside to Filing for Bankruptcy?

Mr. O'Leary was great to deal with. Met with him for the initial interview and he fully explained what we needed to do and what would happen, how long the bankruptcy would take once the debts were forgiven. We were very happy with him and would definitely recommend Gravis Law.

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