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You are here: Home1 — Consumer Bankruptcy2 — Chapter 7 Vs. Chapter 13

Chapter 7 Or Chapter 13 Bankruptcy: Which Is Right For Me?

Money problems won’t simply go away just because we wish them to. When it comes to getting back on track financially, you may need to consider filing for bankruptcy. But knowing where to begin and which debt relief option is best for you isn’t always intuitive. As such, reaching out to a board-certified lawyer like attorney Ted Stuckenschneider should be your first step.

Here at Ted Stuckenschneider PC, we have helped countless individuals find relief from crippling debt. Get the counsel you need and get started on a plan to retake control of your situation today.

What Are The Advantages? Disadvantages?

The two most commonly filed chapters of bankruptcy are Chapter 7 and Chapter 13. Chapter 7 allows you to completely erase your debt, while Chapter 13 helps you reorganize and repay instead. As two different chapters of the Bankruptcy Code, these two legal processes offer different advantages.

For example, while you may be able to wipe your slate clean with Chapter 7, your property is often subject to liquidation. The proceeds from the sale of your assets are then used to repay your debts. On the other hand, although you cannot immediately clear your debt through Chapter 13, you can set up a manageable payment plan over a set period. This plan allows you to keep your assets and property.

Get Started On The Right Track Today

With the pros and cons of both, it can be difficult to pinpoint which chapter of bankruptcy you should pick. But the course of action that is right for you can be narrowed down by your own unique circumstances.

For this reason, it is better to work with a skilled bankruptcy lawyer who can help you determine if you meet the requirements and start from there. To learn more, schedule a consultation at our Birmingham, Alabama, office today. Call 205-324-5631 or send us a message online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Practice Areas

  • Consumer Bankruptcy
    • Will I Lose My House?
    • Chapter 7 Vs. Chapter 13
    • Chapter 7
    • Chapter 13
    • Can I Keep My Car?
  • Debt Consolidation
  • Divorce Finances
    • How To Protect Your Credit Score During Divorce

Certified since 1999 in consumer bankruptcy by the American Board of Certification, attorney Ted Stuckenschneider has the experience and credentials to guide you when it comes to financial concerns. Backed by 40 years of focused practice, he and his law firm, Ted Stuckenschneider PC, can help you navigate the courts when facing bankruptcy, consumer debt issues or divorce.

Take Action Toward Financial Solutions Today

Find out how 40 years of financial experience can help you find the best solution to your financial problems. Ted meets with people in Jefferson, Shelby and Blount counties. Being in action to find solutions to your financial problems will reduce your stress level. Ted can help. Call him at 205-324-5631, or email him to make your free initial consultation appointment.

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