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If you are considering filing for bankruptcy, and want to know about chapter 7 or chapter 13 bankruptcy then read this infographic to know which bankruptcy chapter best suits your needs and how a tacoma bankruptcy lawyer at Northwest Debt Relief Law Firm can help you. For more details contact us at 253-343-1944.
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BANKRUPTCY LAW FIRM TACOMA When filing for bankruptcy, you will need to follow a number of very specific steps in order to be eligible for having some of his debts discharged. Most people considering filing for bankruptcy will ask: What is bankruptcy? What between Chapter 7 bankruptcy and Chapter 13 bankruptcy? Which option is best for me is the difference What Is Chapter 7 Bankruptcy? Chapter 7 is the more traditional type of bankruptcy and is often referred to as a “liquidation” or “straight” bankruptcy. In a Chapter 7 proceeding, the Court appoints a trustee to oversee your case. What Is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is a debt repayment plan. In this type of bankruptcy, a “Chapter 13 Plan” is filed with the Court. Under the Chapter 13 Plan you will pay back some part of what you owe over the course of a three to five year period. Contact Us Learn more about what is bankruptcy and which chapter is the best option for you. Contact Northwest Debt Relief Law Firm today for a consultation. 1201 Pacific Ave #600, Tacoma, WA 98402, USA 253-343-1944 info@tacoma-bankruptcyattorney.net nwdrlf.com