Search

Difference between chapter 13 and chapter 7

Updated: Sep 21, 2017

Do you know what the main differences are between a chapter 7 and a chapter 13?


The biggest difference is the a chapter 13 is a payment plan, and a chapter 7 is not a payment plan. A chapter 7 normally lasts 4 months, and a chapter 13 normally lasts 3 to 5 years. The most common reasons for doing a chapter 13 instead of chapter 7 is because you are behind with your mortgage, or your vehicle, or your income is too high to qualify for a chapter 7.

Recent Posts

See All

Worried about your debt due to COVID-19?

If you are worried about your debt accumulating due to the coronavirus effects on your finances, please keep in mind bankruptcy may be a way to obtain a fresh start. Our office has been practicing ban

What can Bankruptcy do?

Bankruptcy may eliminate: Credit Card Bills, Medical Bills, Stop Foreclosure Process, Stop Wage Garnishment, Stop Bank Account Seizures, Stop Collection Harassment, and much more. Bankruptcy protect

  • Facebook Basic Square
  • Twitter Basic Square

©2020. The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.