Personal Bankruptcy



There are two primary types of bankruptcy for consumers. Please click on any of the following links to learn more.


Chapter 7
Chapter 7 bankruptcy, also known as “straight bankruptcy” or “liquidation,” is the most common type of consumer bankruptcy. Contrary to misconception, your unsecured debts are discharged but you do not lose everything when you file. In fact, most Chapter 7 bankruptcies are “no asset,” which means you do not lose any property to repay creditors. At Springer Brown, we will not file a consumer Chapter 7 bankruptcy if our client stands to lose any property.


Chapter 13


If you are struggling with loads of debt but you are receiving an income, Chapter 13 bankruptcy may be right for you. In Chapter 13 bankruptcy, you commit to a repayment plan over 3 to 5 years to repay your debt. This is unlike Chapter 7 bankruptcy in which your unsecured debts are discharged. With Chapter 13 bankruptcy, you are able to keep most of your property while getting relief from your debt.

Automatic Stay: requires creditors to leave you alone. Click here to find out more.
For frequently asked questions, check out our consumer bankruptcy FAQ page.