Many people would rather file Chapter 7 bankruptcy rather than Chapter 13, but what should you do if you are eligible for either type? In this situation, a bankruptcy lawyer could help you choose the right option for your situation, and you should not be surprised if the lawyer recommends using Chapter 13. Here are three reasons your lawyer might suggest this option.
You will not have to liquidate
In Chapter 7, you can instantly eliminate any unsecured debts you have, but there is a cost for this.