Which to do? Chapter 7 or Chapter 13?

Have you been considering a bankruptcy in Fort Collins?  Do you know you need help, but don’t know if you need a Chapter 7 or a Chapter 13 filing?  We know this can be confusing, but that is why we are here to help.

The first thing to consider is your income, there is a sliding scale to how much you can make in order to get a Chapter 7 bankruptcy through the courts.  This varies based on family size and other factors, so getting consultation from a Fort Collins bankruptcy attorney would be a good idea.

Chapter 13 bankruptcy is probably a type of bankruptcy you will not be able to do on your own.  This tends to be for individuals or couples who have historically made good income and just need more time to become current with their bills.

Of course both have their plusses and minuses…  The biggest plus to a Chapter 7 is that most unsecured debt goes away.  The biggest plus for a chapter 13 bankruptcy is that you can get extra time to pay back legitimate debts.

If you are considering bankruptcy and do not already have a competant and qualified bankruptcy attorney in Fort Collins, please give us a call for a free consultation.