Law Offices of Patrick M. Hunter

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Bankruptcy Options Consultation

Chapter 13 Bankruptcy

Chapter 7 Bankruptcy

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Patrick

Chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.

Chapter 7 bankruptcy was designed to help people escape insurmountable debt. Whether you have lost your source of income, are going through a tough divorce, or have undergone a tough medical emergency, your finances may no longer be in the healthy state they were before.