Newark, Delaware Bankruptcy Attorneys

logoCynthia L. Carroll, P. A., 302-733-0411
262 Chapman Road, Suite 108, Newark, DE 19702 US
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The purpose of our website is to provide information to people in Delaware who are interested in filing bankruptcy with information on the bankruptcy laws and how these laws can be used to help you receive relief from your debts and to stop your creditors from harassing you.

Delaware bankruptcy laws are written to provide debt relief to those individuals who have bills that they are unable to repay so they can build a fresh financial future.

Debtors in Delaware may file chapter 7 or chapter 13 bankruptcy depending on their finances, debts and assets.

Chapter 7 bankruptcy provides a quick and easy debt relief method and provides an elimination of eligible debts within as little as four months.

In Delaware 2,315 people filed for chapter 7 bankruptcy (in the 12 months ending September 2012) and 947 people filed for a chapter 13 reorganization bankruptcy during the same time.

Chapter 7 bankruptcy is the most common chapter of the bankruptcy code, and is popular for debtors who have no assets and little or no income. To be eligible to file chapter 7 bankruptcy in Delaware you must pass the means test, which a bankruptcy lawyer can help you with.

Delaware Chapter 13 bankruptcy is for debtors with a steady income and debtors filing chapter 13 often have assets they want to protect from seizure in a chapter 7 bankruptcy.

Chapter 13 is a reorganization bankruptcy and your debts will be organized into a more manageable debt repayment plan that will last for 3 to 5 years.

You can learn more about the differences between chapter 7 and chapter 13 by filling out our online evaluation form to schedule a bankruptcy consultation meeting.

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