The Benefits of Chapter 7 and Chapter 13 Bankruptcies in Harrisburg, PA
Chapter 7 bankruptcy is also known as liquidation bankruptcy, while Chapter 13 bankruptcy is also known as reorganization bankruptcy. Both types of bankruptcies can provide relief from debt, but they have different benefits and requirements.
Chapter 7 bankruptcy is typically filed when an individual or business has no assets to sell and cannot pay their debts. This type of bankruptcy allows the debtor to discharge many debts, including credit cards, medical bills, and personal loans. However, Chapter 7 bankruptcy can also result in the loss of property and certain exemptions.
Chapter 13 bankruptcy is typically filed when an individual or business has a steady income but cannot pay their debts over time. This type of bankruptcy allows the debtor to create a repayment plan and discharge some debts, such as credit cards, car loans, and personal loans. Chapter 13 bankruptcy also provides flexibility in terms of how the repayments are made.
Chapter 7 Bankruptcy in Harrisburg, PA
Harrisburg is one of several cities across the United States where Chapter 7 bankruptcy is offered. If you're considering filing for Chapter 7 bankruptcy in Harrisburg, here are a few things to keep in mind:
To file for Chapter 7 bankruptcy in Harrisburg, contact our office at [phone number] or schedule an appointment online.
We will guide you through the process and answer any questions you may have about the chapter 7 bankruptcy procedure.
In addition to filing a Chapter 7 petition, you'll need to attend a required meeting with a trustee and creditors. You'll also need to complete the necessary paperwork and pay the required filing fee.
Chapter 13 Bankruptcy in Harrisburg, PA
Harrisburg is another city where Chapter 13 bankruptcy is offered. If you're considering filing for Chapter 13 bankruptcy in Harrisburg, here are a few things to keep in mind:
To file for Chapter 13 bankruptcy in Harrisburg, contact our office at [phone number] or schedule an appointment online.
We will guide you through the process and answer any questions you may have about the chapter 13 bankruptcy procedure.
In addition to filing a Chapter 13 petition, you'll need to complete the necessary paperwork and pay the required filing fee. You'll also need to create a repayment plan that outlines how you intend to repay your debts over time.