Clark & Washington

Pros and Cons of Chapter 13 Bankruptcy

If you are struggling under debts you can’t pay, you may be considering bankruptcy. Most consumers will use either Chapter 7 or Chapter 13 bankruptcy to eliminate their debts.

Below are some of the pros and cons of choosing Chapter 13 bankruptcy.

Chapter 13 Pros

Some of the advantages of filing Chapter 13 bankruptcy include:

Chapter 13 Cons

Some of the disadvantages of filing Chapter 13 bankruptcy include:

Should You File Chapter 13 Bankruptcy?

Every individual’s situation is different. Deciding whether to file Chapter 13 bankruptcy can be difficult, and it is important to consider your options carefully before you proceed. The best way to determine whether Chapter 13 bankruptcy could be the right course of action for you is to discuss your situation with a qualified bankruptcy attorney.

Clark & Washington, LLC has been helping clients with Chapter 13 bankruptcy for many years. If you are interested in this bankruptcy option, we will be happy to review your situation and provide customized advice. If you decide to move forward, we will guide you through the process.

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