Chapter 7 or Chapter 13?

BANKRUPTCY, CHOOSING: Filing for bankruptcy can be a difficult and confusing process. This chart may help in deciding which chapter Is right for you. CHAPTER 7 OR CHAPTER 13 СНАРТER FILING FEE FOR CHAPTER 7: $304 Unsecured debts are eliminated within 90 days of filing. DOES NOT ELIMINATE: Student Loans Child Suppor Tax Debt Alimony SOLD MAY INVOLVE SALE OF NON-EXEMPT PROPERTY: НОМЕ STAYS ON CREDIT REPORT FOR CAR CONSUMER GOODS 10 YEARS $281 CHAPTER 13 TER FILING FEE Establishes 3-5 year repayment plan for all debt. Allows debtor to MAY ELIMINATE keep property. INTERST PAYMENTS STAYS ON CREDIT REPORT FOR 7 YEARS SOURCE http://www.totalbankruptcy.com/overview/basics/cha pter7-chapter13-comparison.aspx * THE LAW OFFICE OF RICK J DEAL, P.C. HANKRUPICY