When is a Chapter 13 case preferable to a Chapter 7 case?

Chapter 13 is usually preferable for a person who has valuable nonexempt property or has valuable exempt property securing debts, either of which would be lost in a Chapter 7 case, is not eligible under means testing to maintain a Chapter 7 case, is not eligible for a Chapter 7 discharge, or has sufficient assets with which to repay most of his or her debts, but needs temporary relief from creditors in order to do so.

By Bolger Law Firm|May 30th, 2018|0 Comments

About the Author: Bolger Law Firm

Expert bankruptcy lawyer discusses common questions and issues people have about bankruptcy and how it would affect them. Attorney Richard Bolger has practiced bankruptcy law in Virginia, Maryland, and the District of Columbia for 33 years. He is very easy to understand and has a talent for simplifying a complex and somewhat mysterious area of the law... bankruptcy. Listen to him answer some of the common questions he has been asked over the past several decades. "Is bankruptcy right for me?" "What will happen to my job?" "Can I keep my house?"

Bankruptcy and Corona Virus Update - Bankruptcy cases can still be filed at this time. Procedures have been approved by the US Bankruptcy Courts which allow for preparing, reviewing, and signing petitions using on-line technology which eliminates the requirement for a wet signature on petitions. Contact Bolger Law Firm for more information if you need to file a bankruptcy petition for protection from your creditors. (703) 383-9595. richard@bolgerlaw.com