Differences Between Chapter 7 Chapter 13 and Chapter 11 Bankruptcy

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If you have considered filing for bankruptcy, you will need to decide which type of bankruptcy to file. Humans (as opposed to corporate entities) have three choices: Chapter 7, Chapter 13 or Chapter 11. • As I discuss in this video, #chapter7bankruptcy or #chapter13bankruptcy serve as the best choices for almost everyone. An individual can file Chapter 11, but this would only be a good choice if you owe hundreds of thousands of dollars and need to reorganize. Chapter 11 is often a good choice for businesses that want to remain open but need breathing room and protection from creditor actions. • Chapter 7 generally works well if you earn a modest paycheck and most of your debt is unsecured, like credit card, medical debt or personal loans. • Chapter 13 makes more sense if your earnings are more substantial, or if you are trying to save your house from foreclosure or car from #repossession • The bankruptcy laws have become very complex and for every rule there can be an exception. Much of the information freely available on the Internet is either incorrect or outdated. No website (or video for that matter) can serve as a substitute for a meeting with a lawyer experienced in bankruptcy practice in your city or town. • If you live in Atlanta, Rome, Gainesville or Newnan, Ginsberg Law can help you. Jonathan Ginsberg and Susan Blum have been representing bankruptcy clients for well over 25 years and we can help you make an informed decision about how to deal with debt issues. • Please reach out to us by phone at 770-393-4985 or by email at [email protected]. • ===========FREE CASE EVALUATION========== • If you would like me to analyze your finances • please contact me at • https://atlanta-bankruptcy-attorney.c... • ========================================== • ===============CONTACT ME================= • Jonathan Ginsberg • Atlanta Bankruptcy Attorney • Website: https://atlanta-bankruptcy-attorney.com/ • Facebook: / ginsberglaw • Telephone: 770-393-4985 • https://atlanta-bankruptcy-attorney.c... • =========================================== • **Click Below to SUBSCRIBE for More Videos: • http://www.youtube.com/subscription_c...

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