Understanding Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Shouldn't Be Difficult

Understanding Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Shouldn't Be Difficult

Work With an Experienced Bankruptcy Attorney at the Law Office of David B. Mintz, PC in Columbia, MD

When you decide to file for bankruptcy, you have several different options. A bankruptcy attorney at the Law Office of David B. Mintz, PC in Columbia, Maryland will work with you to make informed decisions about your finances. Go over Chapter 7 bankruptcy and Chapter 13 bankruptcy to decide which one works best for your financial situation.

Call us today to set up your consultation at our bankruptcy law firm.

What's the difference?

Two of the most common types of bankruptcy are Chapter 7 bankruptcy and Chapter 13 bankruptcy. Your attorney at the Law Office of David B. Mintz, PC will walk you through the details of each option.

Here are some of the key differences:

 


  • Chapter 7 bankruptcy allows you to wipe unsecrued debt. It will also allow you to surrender your house, car, or other secrured assets and  help eliminate your liability for the debt on those items..
  • Chapter 13 bankruptcy allows you to create a payment plan to take up to five years to repay certain types of debt that must be paid in full. These may include mortgage arrears, car arrears, and recent tax debt. 


 


Do you need to meet with a bankruptcy attorney in Columbia, Maryland? Schedule an appointment with us today by calling 443-832-6060.