Menu 
  • Home
  • About
  • Attorneys
    • John Clayton Colwell
    • Daniel J. Wiedecker
  • Articles
  • Contact
    • San Diego Office
    • Vista Office
    • Chula Vista Office
  • Resources

San Diego Bankruptcy Attorney | Vista Debt Relief Attorney | Bonita Chapter 13 Law Firm

Dedicated to helping you find the right solution to solving your debt problems.

San Diego, California
San Diego bankruptcy lawyer
San Diego bankruptcy lawyer
Contact Us

Differences Between Chapter 7 and Chapter 13 Bankruptcy

Helping People in California With Debt Relief Since 1975

Since 1975, the Debt Relief Legal Clinic in California, has been effectively helping clients through the bankruptcy process. There are many important considerations to make when seeking debt relief. One of them is whether to file for bankruptcy and then ultimately choosing between Chapter 7 and Chapter 13 bankruptcy. There are many differences between these two types of bankruptcy filings and it is important to be fully informed before making a decision.

Over 30 Years of Bankruptcy Experience

Contact the Debt Relief Legal Clinic Today

Our experienced San Diego Chapter 7 and 13 attorneys will sit down with you in a free initial consultation to discuss your specific financial circumstance and determine what is best for you. Our lead attorney John C. Colwell is a Certified Legal Specialist in Bankruptcy Law by the California Board of Legal Specialization of the State Bar of California. For more information about the differences between Chapter 7 and Chapter 13 bankruptcy, call 877-663-3287 or e-mail us to schedule a free consultation to discuss your situation.

Differences Between Chapter 7 and Chapter 13 Bankruptcy

There are many differences between Chapter 7 and Chapter 13 bankruptcy. One is not necessarily “better” than the other. It all depends on which one works best for your specific financial situation. A major difference between the two is that Chapter 7 bankruptcy is “straight bankruptcy.” This means certain unsecured debt can be immediately wiped out. Chapter 13 bankruptcy differs from this in that it is a “debt reorganization bankruptcy.” Instead of debt liquidation, this type of bankruptcy allows you to reorganize your debt in to a more manageable three- to five-year repayment plan.

While Chapter 7 bankruptcy wipes out unsecured debt it cannot discharge debt such as home mortgages, car loans (when you wish to keep the house or car), student loans, child support, alimony and most taxes. Instead, Chapter 13 bankruptcy can reorganize this debt in to a repayment plan. In addition, Chapter 13 provides the possibility of lien stripping (changing secured debt to unsecured debt) on second or third (“junior”) mortgages.

Another difference are the bankruptcy qualifications for each. Qualifying for Chapter 7 bankruptcy can be more difficult because you must past a Chapter 7 bankruptcy means test. This is largely based on your gross income during the six months prior to the month you file. Chapter 13 bankruptcy also has a ‘Means’ test but the goals are different. Chapter 13 qualifications are additionally based on the debts which will be paid and then also determining the minimum length of your repayment plan.

Contact Our Chapter 13 Bankruptcy Lawyers in El Cajon

We want you to be fully informed about all your bankruptcy options before making a decision. At the Debt Relief Legal Clinic, we are dedicated to helping you. Call 877-663-3287 or e-mail us today to schedule your free initial consultation with one of our San Diego Chapter 7 and 13 lawyers.

Read also: Why File Chapter 13 Bankruptcy?

Call
Send SMS
Add to Skype
You’ll need Skype CreditFree via Skype

Our Practice Areas

  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • ‘New’ Bankruptcy Laws
  • Differences Between Chapter 7 and Chapter 13
  • Benefits of Bankruptcy
  • Chapter 13 Lien Stripping
  • Bankruptcy Myths
  • Foreclosure Legal Service
  • Stop Home Foreclosure
  • Keeping My Property
  • Repossession and Assets
  • Stop Creditor Harassment
  • Wage Garnishments
  • Medical Bills
  • Bankruptcy Alternatives
  • Debt Negotiation vs. Bankruptcy
  • Frequently Asked Questions
  • The Bankruptcy Filing Process

Contact Us TODAY

Online Payments

Pay Your Invoice with LawPay

  • NACBA
  • NACBA
  • Law Offices of John C Colwell APLC BBB Business Review
  • Lawyer John Colwell | Top Attorney Chapter 13
  • Lawyer John Colwell | Top Attorney Chapter 7

San Diego Office

San Diego Office

The Spreckels Building
121 Broadway, Suite 533
San Diego, CA 92101
Phone: (619) 238-1500
Fax: (619) 338-9215

Chula Vista Office

Chula Vista Office

46 3rd Ave. Ste. D
Chula Vista, CA 91910
Phone: (619) 479-4432
Fax: (619) 479-4941

Vista Office

Vista Office

Buena Vista Prof. Building
122 Civic Center Drive, Suite 204
Vista, CA 92084
Phone: (760) 726-8000
Fax: (619) 338-9215
We are a Debt Relief 'Agency' as designated under Federal Law. We proudly and happily help hard working American citizens file for bankruptcy under the U.S. Bankruptcy Code. DISCLAIMER | PRIVACY POLICY
All content copyright © Debt Relief Legal Clinic. All rights reserved.