If you live will suffer enormous financial pressure and unable to repay the debts, then filing bankruptcy may be the only viable option to have. as an individual, you have a choice of filing for bankruptcy less than two chapters. An explanation of both chambers – and how to choose the most appropriate for you – is shown below dessous.Chapitre 7Vous may file for bankruptcy under Chapter 7, that if you pass “evidence”. This test consists of calculating the gross income and assets and subtracting the liabilities and expenses during the 6 months before you filed for bankruptcy. This data is then compared with the monthly income of a family of similar size in Texas.Si your net income is lower, then you qualify for submission under Chapter 7, otherwise you may have to file under Chapter 13 . Once the file under Chapter 7, the court appoints a trustee who will sell your business is not protected or non-exempt pay créanciers.Votre the case may be discharged within 6 months if filing for bankruptcy in this chapter. Since, normally, your house and cars are exempt, you will be able to maintain those actifs.Si your house and car are at risk of not being able to meet your obligations, you can understand why & # xE9; retaining qualified bankruptcy lawyer Allmand and Lee how to file chapter 7 on your behalf is a choice judicieux.Chapitre 13 ExplainedContrairement in Chapter 7, Depo t under Chapter 13 will give you the possibility & # xE0; to repay the loan in a period of time longer, usually between 3 and 5 years. You can also keep all your biens.Quant in Chapter 7, once the attorney files for bankruptcy under Chapter 13 of his name, the creditors will not be able to ban by home or take your property. By law, which should also stop harassing you immédiatement.Une Once the file under Chapter 13, you must submit a repayment plan for the court, detailing the repayment plan for your debts. Your bankruptcy lawyer may also try to obtain part of your loan discharged, so that you can pay the reste.Si the plan was approved, the court appoints a trustee who follow your payment program to make sure you stick le.Chapitre 13 or 7? Usually (depending on the situation), individuals seeking to file for bankruptcy under Chapter 7 to get most of their debts discharged. The time taken to do this is much lower compared to filing under Chapter 13.The problem is that with the new tougher laws introduced after October 2005, you can find it difficult to file under Chapter 7 and may have to file under Chapter 13. Most of your assets can also be removed by the administrator to meet your créanciers.Cela could not happen under Chapter 13.Par Therefore, Chapter 13 allows you to maintain control drawing a repayment plan that extends from 3 to 5 years. If you protect against the loss of many of your belongings and do not bother me a plan for longer terms, then you can ask your lawyer for bankruptcy if it can be d & # xe9; request under Chapter 13.Toutefois, if you want your case to get their holiday in a limited time and are unable to reach a long-term strategies to raise funds to pay creditors, then filing under Chapter 7 option.Donc would be better to compare the two chapters with your lawyer first decide which chapter of bankruptcy is the best option.