What are the Differences Between Chapter 7 and 13?

At Galen Pierce, Attorney at Law, we provide expert legal guidance on Chapter 7 and Chapter 13 bankruptcy options in Murfreesboro. Chapter 7 involves liquidating assets to discharge debts quickly, while Chapter 13 allows for a repayment plan over time. Determining which chapter to file for requires careful consideration of your financial situation, income, and assets. Our experienced attorney, Galen Pierce, can help you navigate the complexities of bankruptcy law to determine the best course of action for your unique circumstances. Trust Galen Pierce for knowledgeable advice and dedicated representation in your bankruptcy journey.

• Chapter 7 bankruptcy allows you to liquidate your assets in order to pay creditors
• Chapter 13 bankruptcy is for those who are still earning a wage but have fallen down on their luck.