Bankruptcy

Jennie Patton

Attorney at Law

There are two kinds of bankruptcy for consumers:

Chapter 7 bankruptcy generally discharges (eliminates) debt. Many people qualify to file a Chapter 7 bankruptcy and discharge their unsecured debts to give them a fresh financial start.

Chapter 13 bankruptcy is a 3 to 5 year repayment plan. Some people find a Chapter 13 bankruptcy is a better option because it allows them to keep their home or vehicles when they are not current in their payments, but can catch up over time.

Disclaimer

These materials have been prepared by Jennie Patton, Attorney at Law, for informational purposes only and are not legal advice. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act on this information without seeking counsel. The information contained on this web site is provided only as general information and may or may not reflect the most current legal developments. This information is not intended to constitute legal advice or to substitute for legal advice obtained from a duly licensed attorney.