On November 28, 2023, our new mailing and physical address will be 110 Glancy St., Ste. 109, Goodlettsville, TN 37072.

You Can Rely On Our Experienced Team To Guide You Confidently Through The Bankruptcy Process.

Is Chapter 7 or Chapter 13 Bankruptcy Best for You?

There are significant differences between Chapter 7 and Chapter 13 bankruptcy. While both forms of bankruptcy can be helpful for consumers who are in debt, each type of bankruptcy has specific advantages and disadvantages depending upon the circumstances. Chapter 7 allows you to eliminate unsecured debts such as credit cards and medical expenses, while Chapter 13 provides a repayment plan for debt relief.

At Rothschild & Ausbrooks, PLLC, we start by getting to know your situation, so you can be confident that the guidance we provide is based on your needs. Our attorneys have more than three decades of experience serving people just like you in Goodlettsville and throughout Tennessee, so you can also trust that the advice and information we provide are sound.

Goodlettsville Chapter 7 and Chapter 13 Bankruptcy Lawyers

One of the most important aspects of the bankruptcy process is the means test. Not only does this test determine if you are eligible for bankruptcy, it determines which chapter of bankruptcy you are eligible for. The most common form of bankruptcy is Chapter 7. If you feel as if you are stuck between a rock and a hard place because of your debt, you will most likely find yourself eligible for Chapter 7.

If not, you may still qualify for Chapter 13. In some cases, you may be eligible for Chapter 7, but choose to file Chapter 13. The key is to review all of your options with our lawyers so you can make the decision that is right for you.

Contact Us for a Free Bankruptcy Consultation

Please contact Rothschild & Ausbrooks, PLLC, today to get answers to questions about the advantages and disadvantages of Chapter 7 vs. Chapter 13 in Tennessee.