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May 2018 Archives

How do Chapter 7 and Chapter 13 bankruptcies differ?

If you count yourself among the many people across Ohio who are struggling with overwhelming debt, you may be giving some consideration to filing for bankruptcy. While many people consider filing for bankruptcy as a method of regaining control over their finances and lives, many people also understand very little about the process. For example, as someone filing for bankruptcy for the first time, you may have heard the terms “Chapter 7” and Chapter 13” thrown about, but you may not understand the difference between the two filings or understand which option might be more appropriate for you.

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