Tampa Bankruptcy Firm Clark & Washington Explains How Chapter 7 and Chapter 13 Differ
Tampa bankruptcy attorneys Clark & Washington believe Tampa residents should know some of the differences between Chapter 7 and Chapter 13 personal bankruptcies.
The U.S. Bankruptcy Code provides two primary options for filing personal bankruptcy: Chapter 7 and Chapter 13. Each aims to assist a specific type of debtor. Chapter 7 is most commonly filed when the debtor holds little to no property outside of basic necessities (like clothes and furniture) and/or when they are barely able (or are not able) to cover basic expenses each month. Chapter 13 is most frequently ...