Email List Google Plus
 

Football FridayTracking EbolaMiami Valley Crime StoppersPump PatrolGolf CardPhoto GalleriesKnow Your Candidates

Forecast

Tonight: Quiet and cool.
Low: 43     Winds: NW 5-10 mph

Sunday: Mostly sunny, nice and warm!
High: 66     Winds: W 5-10 mph

Monday: Partly cloudy, even warmer.
High: 76     Winds: SW 10-15 mph

Get out ...
More...
Advertise with us!

Request a Free Bankruptcy Evaluation

What's the Difference Between Chapter 7 & Chapter 13 Bankruptcy? You've probably heard a lot about bankruptcy lately. Last year alone, more than 1 million Americans turned to filing bankruptcy as a way to resolve their debts.

Below is a guide breaking down the differences between Chapter 7 and Chapter 13 bankruptcy.

Chapter 7 Bankruptcy
A successful Chapter 7 bankruptcy filing discharges (eliminates) unsecured debts like credit card debt, utility bills, payday loans and medical bills.

Those wishing to file Chapter 7 must "pass" the Chapter 7 means test, which determines a person's eligibility. Generally, Chapter 7 bankruptcy is a debt-relief option for people who:

• are having difficulty making bill payments
• have experienced income loss and/or incurred unexpected expenses
• have little/no money left after paying monthly bills
• rent or have little equity in their home

Chapter 7 also provides the protection of the automatic stay, which may stop creditor harassment, lawsuits, wage garnishment and repossessions. Learn more...

Chapter 13 Bankruptcy
Under a Chapter 13 repayment plan, the filer works with a bankruptcy trustee to establish a realistic plan to catch up on their past-due balances while maintaining their current payments.

Most plans allow 3-5 years for the filer to get back on track. At the end of the plan, if all payments were made on time, any left over unsecured debt may be discharged.

Once a Chapter 13 bankruptcy case is filed, a court order goes into effect that prohibits creditors from contacting the filer and it may stop foreclosure, repossession, lawsuits and wage garnishments. Learn more...

Making the Right Decision About Bankruptcy Bankruptcy has helped millions of people get out of debt and get back on track, but it's important that you make the right decision for you.

If you're thinking about filing bankruptcy, it may be a good idea to talk to a local bankruptcy lawyer about your debt-relief options.

A local bankruptcy attorney can help you understand the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy, so that you can make an educated decision about the best next step for you.

Fill out the form below or call (866) 246-1717 for a free bankruptcy case evaluation.


Advertise with us!


 
  • Dayton Ohio News, Weather, Traffic :: Community - Morning Pledge

    Morning Pledge

    Your kids recite the morning Pledge of Allegiance.
  • Dayton Ohio News, Weather, Traffic :: Community - Lost and Found Pets

    Lost and Found Pets

    Did you find a lost Lab or have a missing Malamute? Check out our list of Lost & Found Pets.
  • Dayton Ohio News, Weather, Traffic :: Community - Dog of the Day

    Dog of the Day

    Our four-legged viewers love to see themselves on TV. Submit your pooch for Dog of the Day by emailing Morning Meteorologist Chris Mulcahy at ctmulcahy@abc22now.com.
  • Dayton Ohio News, Weather, Traffic :: Community - City Trippin

    City Trippin

    Come City Trippin' with us!
  • Dayton Ohio News, Weather, Traffic :: Community - Road Trippin

    Road Trippin

    Come Road Trippin' with us every Friday morning as we discover the best places to visit that are within one tank of gas away.
  • Dayton Ohio News, Weather, Traffic :: Community - Automotive

    Automotive

    Find valuable information about buying your next car, including price quotes and your latest automotive news.
  • Dayton Ohio News, Weather, Traffic :: Community - See It, Shoot It, Send It

    See It, Shoot It, Send It

    Did you catch that incredible sunset? Have a photo for your adorable child or pet? Snap a picture of breaking news? Share it with us!
  • Dayton Ohio News, Weather, Traffic :: Community - Community Calendar

    Community Calendar

    Find all of the information you need on the local events, concerts, festivals and just about anything else going on in your community!
  • Dayton Ohio News, Weather, Traffic :: Community - Meningitis Research

    Meningitis Research

    Learn how your 10-12 year old child can be a part of a Meningitis study, courtesy of the Ohio Pediatric Research Association!
  • Dayton Ohio News, Weather, Traffic :: Community - Get in the Loop

    Get in the Loop

    LoopLane is a lifestyle community that focuses on positive healthy living, giving, and entertainment. Click here to learn more!
  • Dayton Ohio News, Weather, Traffic :: Community - Community Survey

    Community Survey

    ABC22 & FOX45 conducts a general public survey of the needs, problems and interests of our community on a ongoing basis. Give us your input here!
  • Dayton Ohio News, Weather, Traffic :: Community - Text Club

    Text Club

    Save money by getting special offers and coupons only available to our text club members sent directly to your phone!
  • Dayton Ohio News, Weather, Traffic :: Community - Real Estate

    Real Estate



  • Dayton Ohio News, Weather, Traffic :: Community - Bay Creek Resort

    Bay Creek Resort



  • Dayton Ohio News, Weather, Traffic :: Community - A Feast of Giving

    A Feast of Giving

    Thanksgiving in Dayton: "A Feast of Giving" a dinner, a celebration, a community event, that can only happen because of volunteers like you. Click here to volunteer!
  • Dayton Ohio News, Weather, Traffic :: Community - Free Bankruptcy Evaluation

    Free Bankruptcy Evaluation

    Last year alone, more than 1 million Americans turned to filing bankruptcy to resolve their debts.Get answers to important questions here.

more »

Business News

US new-home sales close to flat in September

WASHINGTON (AP) -- U.S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.

Consumer Info

   WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
 Companies that pride themselves on being eco-friendly may have conflicted
 ideas between marketing with ad specialties and maintaining their green
 reputation. ...

Entertainment News

HILARY SWANK: DEATH BECOMES HER?

WEST HOLLYWOOD, Calif. (AP) -- Hilary Swank says even her own mom wonders why it seems she never lives long enough in the movies to see the credits roll.

Get This

COIN TOSS-MAYOR

LIMA, Peru (AP) -- Usually, one flips a coin to determine things like who gets the ball first in a football game or who gets first dibs at the last slice of pie or something.

Science/Tech News

IN THE NEWS: APPLE PAY GLITCH

SAN JOSE, CALIF. (AP) -- Bank of America is apologizing for a glitch in the Apple Pay service.

Tonight on ABC 22

6:00 pm ..... ABC 22 News at Six
6:30 pm ..... ABC World News
7:00 pm ..... Family Feud
7:30 pm ..... Family Feud
8:00 pm ..... The Middle
8:30 pm ..... The Goldbergs
9:00 pm ..... Modern Family
9:30 pm ..... Black-ish
10:00 pm ... Nashville
11:00 pm ... ABC 22 News at Eleven
11:30 pm ... Jimmy Kimmel Live
12:30 am ... Nightline
Complete Schedule»