There are three examples given below, with an introduction to each. Select an example to review its complete details, including resolution.
Example 1
Mary wants to know whether it is better for her to file a Chapter 7 petition or a Chapter 13 petition. The following facts apply to Mary’s case:
Debts:
Car lien by BIG BANK $8,000.00
Credit Cards $40,000.00
Other Pertinent Info:
Disposable Income $460.00/mo.
Nonexempt Equity $4,000.00
Example 2
George wants to know whether it is better for him to file a Chapter 7 petition or a Chapter 13 petition. The following facts apply to George’s case:
Debts:
Car lien by CREDIT UNION $8,000.00
Credit Cards $30,000.00
Other Pertinent Info:
Disposable Income $300.00/mo.
Nonexempt Equity $ Zero
Example 3
Kenny wants to know whether it is better for him to file a Chapter 7 petition or a Chapter 13 petition. The following facts apply to Kenny’s case:
Debts:
Amt. behind on Mortgage to BIG BANK $10,000.00
Credit Cards $20,000.00
Other Pertinent Info:
Disposable Income $300.00/mo.
Nonexempt Equity $15,000.00
Chapter 7
Chapter 13
Examples: Chapter 7 & Chapter 13
Automatic Stay
Trustees, 341 Meeting, Confirmation Hearing
Your Property
Miscellaneous
We are a Debt Relief Agency and we help people file for bankruptcy under the Bankruptcy Code. 
