A chapter 7 bankruptcy involves collection and liquidation of certain assets in order to pay off creditors. A stay will go into effect to prevent car repossessions, wage garnishments, foreclosures, and other debt collection attempts from your creditors. Chapter 7 bankruptcy does not automatically discharge all types of debt, and you may still be liable for criminal fines, student loans, alimony, or child support, among other things. Call our office to learn more or request a consultation to see if a chapter 7 bankruptcy may be right for you.

Chapter 13 bankruptcy creates a repayment plan for your debts based on your income. A portion of your wages will be used to repay your debts each pay period. These repayment plans typically range from three to five years, and, as with chapter 7 plans, an automatic stay will prevent car repossessions, foreclosures, and other actions by various creditors.