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Chapter 7 & Chapter 13 Bankruptcy Guidance

When debt, collection activity or the possibility of foreclosure becomes overwhelming, accurate information matters. James McDaniel helps individuals evaluate Chapter 7, Chapter 13 and whether bankruptcy fits their circumstances.

Discuss Your SituationCall (603) 333-9999

Representation

Matters James Handles

Every matter depends on its facts and the law of the state where it arises. The following are examples of issues the firm may handle:

  • Chapter 7 bankruptcy evaluation and filing
  • Chapter 13 repayment-plan cases
  • Creditor and collection concerns
  • Foreclosure-related bankruptcy questions
  • Preparing schedules and required disclosures
  • Guidance through trustee and court requirements

Chapter 7

Chapter 7 is a federal liquidation process. A trustee reviews the debtor’s property and finances, while applicable exemption law may protect certain property. Eligibility, exemptions and the treatment of secured debts require an individualized review.

Chapter 13

Chapter 13 allows an individual with regular income to propose a court-supervised repayment plan, commonly lasting three to five years. It may provide a way to address arrears or retain important property while making required payments.

Preparing for an Accurate Filing

Bankruptcy requires complete information about income, expenses, property, debts and recent financial activity. James helps clients understand the documentation and disclosure requirements before a petition is filed.

Frequently Asked Questions

Common Questions About Bankruptcy

What is the difference between Chapter 7 and Chapter 13?

Chapter 7 generally involves liquidation and does not use the repayment plan found in Chapter 13. Chapter 13 is designed for individuals with regular income who propose payments over time. Eligibility and consequences depend on the person’s full financial circumstances.

Does bankruptcy erase every debt?

No. The scope of a bankruptcy discharge depends on the chapter and type of debt. Some obligations may survive, and valid liens can continue to affect secured property.

Should I stop paying creditors before speaking with an attorney?

Do not make that decision based on general website information. The effect can depend on the debt, collateral, timing and your broader plan. A consultation can help identify the consequences before you act.

You Don’t Have to
Figure This Out Alone.

Start with a conversation about your situation and how James may be able to help.

Schedule a Consultationor call (603) 333-9999