When is it better to file a Chapter 13 case than a Chapter 7 case?
Debtors who can repay all, or most, of their debt from their future earnings and those who would lose valuable property in a Chapter 7 case should consider a Chapter 13 case. Chapter 13 is the only option for Debtor’s who fail the means test or are otherwise ineligible for relief under Chapter 7. Chapter 13 may also be the better choice for Debtors who have issues with nondischargeable debt.
Related Questions
- Why would someone file Chapter 13 when they could file a case under Chapter 7 and not have to make payments to a trustee and stay in bankruptcy from three to five years?
- I filed a Chapter 7 Bankruptcy case within the last 8 years, but again or still have debt I need help with. Can I file a Chapter 13?
- What is the Difference Between a Chapter 7 and a Chapter 13 Bankruptcy and What Kind of Case Should I File?
