Chapter 7 is much shorter and usually has lower fees than Chapter 13. But Chapter 13 can be much more powerful. Be willing to be surprised. Chapter 7 and Chapter 13 Chapter 7 “straight bankruptcy” is usually, but not always, for simpler situations. It’s often the right choice if your income is relatively low, your assets are modest, and your … Read More
Sometime you and your lawyer don’t know everything you need to know to put together a perfect Chapter 13 plan. So then you can modify it.
Chapter 13 revolves around your payment plan, which you propose based on your budget, and possibly negotiate with creditors and the trustee.