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.
Straight TalkSTRAIGHT TALK is a community program that airs at 6a, the 1st Sunday of every month. Tell us what the greatest issues in our community are. Complete our Community Survey here.
Summer TrippinCome Summer Trippin' with Us!
Health and Beauty
ABC22/FOX45 Golf CardStarting June 1st the 2014 ABC 6 & FOX 28 card is Here. Play 6 great courses and save!
Morning PledgeYour kids recite the morning Pledge of Allegiance.
Dog of the DayOur four-legged viewers love to see themselves on TV. Submit your pooch for Dog of the Day by emailing Morning Meteorologist Chris Mulcahy at firstname.lastname@example.org.
Lost and Found PetsDid you find a lost Lab or have a missing Malamute? Check out our list of Lost & Found Pets.
City TrippinCome City Trippin' with us!
Road TrippinCome Road Trippin' with us every Friday morning as we discover the best places to visit that are within one tank of gas away.
AutomotiveFind valuable information about buying your next car, including price quotes and your latest automotive news.
See It, Shoot It, Send ItDid you catch that incredible sunset? Have a photo for your adorable child or pet? Snap a picture of breaking news? Share it with us!
Community CalendarFind all of the information you need on the local events, concerts, festivals and just about anything else going on in your community!
Meningitis ResearchLearn how your 10-12 year old child can be a part of a Meningitis study, courtesy of the Ohio Pediatric Research Association!
Community SurveyABC22 & FOX45 conducts a general public survey of the needs, problems and interests throughout our broadcast area on a ongoing basis. Give us your input here!
Text ClubSave money by getting special offers and coupons only available to our text club members sent directly to your phone!
Bay Creek Resort
A Feast of GivingThanksgiving 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!
Free Bankruptcy EvaluationLast year alone, more than 1 million Americans turned to filing bankruptcy as a way to resolve their debts.Get answers to important questions here.
Cool SchoolsOur children are the way of the future and it all starts with our schools. Join us as our Hilary Zalla goes inside schools around the Miami Valley to find out what cool things students and teachers are ...
Stocks slightly higher in midday trading
NEW YORK (AP) -- Stocks are slightly higher in midday trading as markets start to wind down ahead of the Thanksgiving holiday in the U.S.
MACY'S THANKSGIVING DAY PARADE
NEW YORK (AP) -- You could be forgiven if you tune into the Macy's Thanksgiving Day Parade -- and think you're watching a rerun of "American Idol."
PARK RANGER-CHRISTMAS TREE
RICHMOND, Calif. (AP) -- The nation's oldest U.S.
IN THE NEWS: BATTERIES CAN LEAD WAY TO CHARGE TOWARD EFFECIENCY
WASHINGTON (AP) -- "Batteries Not Included."
Tonight on FOX 45
7:00 pm ..... The Big Bang Theory
7:30 pm ..... Modern Family
8:00 pm ..... The All-Star Dog Rescue Celebration
10:00 pm ... FOX 45 News at Ten
11:00 pm ... Modern Family
11:30 pm ... 2 Broke Girls
12:00 am ... Mike & Molly
12:30 am ... 2 Broke Girls