All Resources
Legal· 6 min read

Chapter 7 vs. Chapter 13 Bankruptcy — Which Fits?

Chapter 7 wipes most debts in 3–4 months. Chapter 13 sets up a 3–5 year repayment plan and saves your house.

The two consumer bankruptcy chapters serve different goals. Chapter 7 discharges unsecured debt quickly but only if you pass the means test. Chapter 13 lets you keep non-exempt assets and catch up on a mortgage through a court-supervised payment plan.

FAQ

Frequently Asked Questions

Related Services

How PF Consulting Firm can help

Ready to get started?

Talk with our team — we'll prepare every form, file with the right agency, and walk you through the process.