Our Bankruptcy Lawyers often asked to explain the difference between Chapter 7 and Chapter 13 Bankruptcy. It’s important to understand the difference because filing for the proper Type of Bankruptcy can help you get a better financial fresh start.

Two Main Types of Bankruptcy in Pennsylvania

Chapter 13 Bankruptcy

In general, Chapter 13 Bankruptcy does not forgive your debts. Instead, it restructures your debts, so the monthly payment is affordable, and you can afford to repay what you owe. Depending on your income, Chapter 13 may be the only option available for you.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy forgives some of your debts. You will owe less money overall making it easier for you to get out of debt. Bankruptcy doesn’t usually eliminate tax debts, student loans, child support payments, mortgages, car payments and other types of nonexempt debt. Therefore Chapter 7 is your best choice if you have lots of unsecured debt you can discharge. In Pennsylvania, to qualify for Chapter 7 Bankruptcy, you must pass a means test, showing you earn below a certain income threshold.

Consult With Our Bankruptcy Lawyers to Find Out Which Type of Bankruptcy is Right for You

Make sure you chose the right Type of Bankruptcy. Talk to our expert, proven Bankruptcy Lawyers. You won’t find better Bankruptcy Attorneys in Reading or Berks County.

We have

  • 40 years’ experience in PA Bankruptcy Law;
  • helped hundreds of people File for Bankruptcy in Berks County communities around Reading, PA;
  • knowledge of precisely what the court is looking for and expects in you filing documentation and schedules;
  • have a full breadth of Bankruptcy related legal expertise including Business Dissolution, Business Contracts, Business Taxes; Spousal Support and Alimony, Child Support and Estate Planning; and
  • very importantly, a reputation in Berks County for being the most supportive law firm to assure you everything will be OK.

Contact Us Online or Call Us at 610-670-9000 today.

Miller Law Group Berks County Law Offices in West Lawn, PA

Miller Law Group’s Berks County Law Offices are in West Lawn, PA near Reading.

We offer

  • Convenient, Easy and Safe Free Parking;
  • Easy Access Ramp; and
  • Spacious, Well-Lit Offices

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