Understanding Chapter 7 and Chapter 13 Bankruptcy

Understanding Chapter 7 and Chapter 13 Bankruptcy

Learn more about your options from at our firm in Columbia, MD

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

Call us today to set up your consultation.

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 liquidate your assets in order to pay off your debt in full. This requires you to sell belongings, including second cars, homes and other investments.
  • Chapter 13 bankruptcy allows you to create a payment plan for your debt. This is a slower process, but it prevents you from having to selling your items.

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