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Are you unsure of what type of bankruptcy is right for you? Let a Columbus Bankruptcy Lawyer help

Is your head spinning? If you’re considering bankruptcy in Columbus the differences between Chapter 7 and Chapter 13 can be confusing. How do you know which to file? Here’s some basic information on both so you can understand some critical differences.

What are the differences between Chapter 7 and Chapter 13 bankruptcy?

Chapter 7 discharges most of your debt, while Chapter 13 establishes protections for you while you repay a portion of your debt to your creditors. The rules for eligibility for one or the other vary, so you should consult a Columbus bankruptcy lawyer for assistance in determining which, if either, that you may be eligible for.

How do I know which I should file for?

It’s best to consult your Columbus bankruptcy lawyers to learn which is the best choice. Eligibility for either form of debt relief is based on calculations of your income, overall debt, whether you own property and other possessions and other financial factors. Filing the wrong petition or making errors in your documents when filing bankruptcy in Ohio on your own can be costly, so legal advice is important to ensure that you can get the maximum protection that the bankruptcy code provides.

Will both Chapter 7 and Chapter 13 stop the calls and letters from creditors?

Yes. Both will protect you from being contacted directly by creditors. However, the extent of this protection varies. Your Columbus bankruptcy lawyers can advise you on your rights and protections after your petition is approved.

How do Columbus bankruptcy lawyers determine which I should file for?

Our office offers free consultations so that you can learn more about your debt relief options in a comfortable, risk-free environment. During this consultation, your Columbus bankruptcy lawyer will evaluate your personal situation and answer any questions you have about the filing process. From there, you’ll get a solid recommendation on how to proceed to both eliminate your financial stress and provide a great platform for a strong financial future.

Are you ready to learn more?

Let a Columbus bankruptcy lawyer help you understand the differences between Chapter 7 and Chapter 13 bankruptcy, and which is the right fit for you. Contact us today to schedule your free consultation.