Which Chapter Is Right For You?

plant growing out of a jar of coins

If you are struggling with debt, you may know that bankruptcy is the strongest debt relief option available under the law. You may not know, however, which chapter of bankruptcy is right for you.

I am Jennifer LaRese, a bankruptcy and debt relief attorney in Southbury, Connecticut. I can help you understand the advantages and disadvantages of Chapter 7 and Chapter 13 bankruptcy so you can make informed decisions about your debt situation. I am committed to helping my clients get out of debt and enjoy a healthy financial future.

Wiping Out Debt With Chapter 7 Bankruptcy

If you have significant unsecured debt such as credit card or medical bills and little hope of ever being able to pay it back, Chapter 7 bankruptcy might be the best option for you. In a Chapter 7, the debtor’s assets are sold to pay off creditors. Whatever unsecured debt remains is discharged. The entire process typically takes three or four months.

Chapter 7 bankruptcy is means tested. Your income and assets must fall below a certain threshold in order to qualify. If you make too much to qualify for Chapter 7, you may wish to consider filing under Chapter 13.

Getting Debt Under Control With Chapter 13

If you are behind on a mortgage or other secured loan, have property you want to protect and have a steady income, Chapter 13 bankruptcy might be the better option. In a Chapter 13, debt is reorganized and paid back in monthly installments over a three- to five-year period. Some debt may be discharged altogether, depending on your income, assets, the nature of the debt and other factors.

Chapter 13 is often used as a means of getting caught up with loan payments while getting protection from creditor harassment, home foreclosure, vehicle repossession and other creditor actions.

Helping You Make The Right Choice

The information on this page is general and not intended as advice. I cannot tell you which bankruptcy chapter is right for you without conducting a thorough analysis of your debts and overall financial situation. To schedule a consultation with an experienced bankruptcy lawyer in Southbury, please contact my law office online or by telephone at 203-583-8668.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

Do not face your debt problems alone.

Contact us today for help.

National Association of Consumer Bankruptcy Attorneys
AVVO Clients' Choice 2015 Award
Avvo Clients' choice 2015
Avvo rating Very Good Featured attorney Bankruptcy
Avvo Clients' Choice 2016 Bankruptcy
registered Agent Trudsted and Verified by Secure Insight
Rated by Super Lawyers Jennifer LaRese selected in 2019 Thomson Reuters
Office Location

Law Offices of Jennifer LaRese, LLC
33 Bullet Hill Rd. Suite 301
Southbury, CT 06488

Phone: 203-583-8668
Fax: +1-203-828-6330
Southbury Law Office Map

NACBA | National Association of Consumer Bankruptcy Attorneys
AVVO clients choice 2015 award Badge Image
AVVO clients choice 2015 bankruptcy Badge Image
AVVO very good rating Badge Image
clients choice Badge Image
Avvo - Rate your Lawyer. Get Free Legal Advice.
Trusted and verified badge
super lawyers badge