Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Bankruptcy
Profile Image

Question By
Tj840

0 Contributions
0 People Helped
How do I determine which chapter to file

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1136 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

By consulting with a bankruptcy attorney. Most give free consultations.

Top Contributor
21 Contributions
18 People Helped

Helpful to 0 out of 2 people

Google actually; there's restrictions on a CH7 (income, etc) whereas a CH13 is more general and is effectively a court-ordered payment plan forced on the lenders to something you can afford rather than airstriking the debts.

I'm not qualified to give professional advice but I looked into it once, and it's very very standardized: there's a worksheet and everything and I'd look at both the restrictions and do the worksheet before I went and paid a lawyer anything.  Nolo had some good resources too when I looked at it 4 years ago, but at any rate do a bit of research before talking to a lawyer for a bunch of good reasons.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.