Bankruptcy > Which Chapter to File

Which Chapter to File

Once you know you want to file for bankruptcy, the next question is: Which chapter should you file? The answer to that question is very specific to your particular situation.

For instance, if you only want to deal with your unsecured debt, like your credit card bills and medical bills, then you may first want to see if you qualify for a chapter 7 bankruptcy. However, if your main goal is to catch up on your mortgage payments, then only the chapter 13 will give you the opportunity to make payments on those mortgage arrears.

There are a number of factors to consider when deciding on what chapter of bankruptcy to file, such as: what is your monthly income, what are your goals, how much debt do you have, what kind of debt do you have, have you ever filed for bankruptcy before, etc.

In order to determine which chapter of bankruptcy is right for you, and which chapter you qualify for, please contact the Stone Haven Law Group today.