How does a Chapter 7 Differ from a Chapter 13?
A Chapter 7 is usually referred to as “A Fresh Start” and a Chapter 13 is usually referred to as “A Debt Reorganization.” In a Chapter 7, you usually do not lose any property and are not required to pay back any unsecured debt. In a Chapter 13, you usually do not lose any property but are required to pay back a portion of the unsecured debt. For more information, see our section titled “Chapter 7 and Chapter 13 Differences.
