Chapter 7 and Chapter 13 Bankruptcy Options for Individuals in Harrisburg, PA
Learn More About Bankruptcy in Harrisburg, PA
Are you struggling with debt and considering bankruptcy options? As a local attorney specializing in bankruptcy law in Harrisburg, Pennsylvania, I can help guide you through the process.
Chapter 7 bankruptcy is also known as "liquidation" bankruptcy. It allows individuals to discharge (pay off) most unsecured debts by selling non-exempt assets to repay creditors. This can be a good option for those with low-income or high-interest debt, but it may not be the best fit for everyone.
Chapter 13 bankruptcy is also known as "reorganization" bankruptcy. It allows individuals to create a repayment plan that lasts three to five years, allowing them to keep most of their non-exempt assets and repay creditors over time.