In this article, we explain when it makes sense to file a Chapter 13 bankruptcy in Peoria County rather than a Chapter 7 bankruptcy. When filing for bankruptcy, it's important to know key differences between the two so you can determine which one would be best for you to file. Our attorneys discuss common questions about Chapter 7 and Chapter 13 bankruptcies including:
(1) What is the difference between a Chapter 13 Bankruptcy and a Chapter 7 bankruptcy?
(2) When does it make sense to file a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy?
(3) What are the eligibility requirements for a Chapter 13 bankruptcy?
Find out more about the differences and what each process involves in this article by our Peoria County bankruptcy attorneys.