The first decision you will need to make is whether to file a chapter 7 or chapter 13 bankruptcy.  The following charts help you make that decision.  Remember, this is only an overview.

Your personal situation may not be covered by this summary.  Also, remember to always consult a bankruptcy professional before making your decision as the information provided on this website is general in nature and cannot be construed as the formation of an attorney client relationship with Cimino Benham, LLC until we actually meet.

Chapter 7

Your assets are all exempt

You need a discharge quickly

You need a fresh financial start

You are current on your car or house payments

You are current with your taxes

You have not filed a chapter 7 within the last 8 years

Chapter 13

You are behind in your house payments and want to keep your home

You are behind in income or other tax payments and wish to pay the taxes back without interest or penalties

You are self employed, own a business and have many non-exempt assets

You have filed a chapter 7 within the last 8 years

You wish to pay back some or all of your debt