10/28/2026
Chapter 7 and Chapter 13 take different approaches to bankruptcy.
Chapter 7 generally involves liquidation of nonexempt assets and may discharge qualifying debts, while Chapter 13 allows eligible individuals with regular income to propose a repayment plan, typically over three to five years.
Which option applies depends on income, debts, assets, goals, and other circumstances.
Not sure which chapter may fit your situation?
Contact Gordon Mosley to discuss your options.
📞 (903) 534-5396
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