Bankruptcy is a federal court process
Chapter 7 and Chapter 13 have different eligibility, property, payment, timing, and discharge consequences. Filing also creates duties and deadlines. FairFiles Hub does not determine eligibility or prepare a bankruptcy petition.
Chapter 7 at a high level
Chapter 7 generally involves administration of nonexempt assets by a trustee and does not use the same repayment-plan structure as Chapter 13. Exemptions, liens, prior cases, income, transfers, and debt type can materially change the result.
Chapter 13 at a high level
Chapter 13 generally permits an eligible individual with regular income to propose a court-supervised repayment plan, commonly lasting three to five years. Confirmation and completion have detailed statutory requirements.
Get individualized advice
Use official court materials and consult a qualified bankruptcy attorney or approved legal-aid provider before filing or transferring property.
Official sources
Key law references
- Title 11, United States Code
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