Drew Stuart Sheridan

  • Bankruptcy, Divorce, Family Law...
  • Florida
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Practice Areas
  • Bankruptcy
  • Divorce
  • Family Law
  • Real Estate Law
Jurisdictions Admitted to Practice
Florida
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Professional Associations
Florida State Bar # 240631
Member
- Current
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Legal Answers
1 Questions Answered

Q. What is the difference between a personal bankruptcy, chapter 7 or chapter 13
A: Chapter 13 is better suited for people with higher incomes or a lot of assets, which they would not have to surrender in a Chapter 7. It is popular now for stripping off second mortgages and readjusting secured debt. Chapter 7 is best for people with fewer assets and lower incomes, and gets rid of credit card, medical and other unsecured debt fairly quickly and easily. Chapter 7 has to be carefully entered into, because unlike Chapter 13, it is difficult to dismiss once filed. Competent legal advice should be sought before getting into either, especially Chapter 7.
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Contact & Map
7765 SW 87th Ave
Miami, FL 33173
USA
Telephone: (305) 596-3368
Fax: (305) 596-3355