Best Consumer Protection Lawyers in Kettering, OH

Although most debts are dischargable, some are not. These include the ones you would expect to be excluded from discharge. Child support, most taxes, court fines, and student loans are the most common.

Alternatives to bankruptcy include credit Counseling, debt consolidation loans, debt management programs, and debt settlement programs. They can be effective if your income is sufficient to pay most of your debts with the extra income you have available after meeting your required living expenses.

There is a lot to know about the differences between these two chapters. It is not true, for example, that chapter 7 is mainly for low income families. I file chapter 7 for families making over $100,000 per year. Similarly, chapter 13 is not just for families who have income over the median income level. I am able to save thousands of dollars by filing chapter 13 for families under median income, who could qualify for chapter 7 but get much better results with chapter 13.