Many people want to know what the difference is between Chapter 7 and Chapter 13 bankruptcy in Riverside, California. Also, which one is best? The better question to ask is what type of bankruptcy is right for you. First, not all people qualify for Chapter 7 bankruptcy due to eligibility requirements based on income. Chapter 7 bankruptcy can seem very appealing to those who are eligible as less debt needs to be repaid. Sometimes, after finalizing Chapter 7 bankruptcy people can walk away with almost no credit card debt to repay. However, even if you qualify for Chapter 7 bankruptcy you might want to seek legal counsel to inquire as to if pursuing Chapter 13 bankruptcy in Riverside might be a better choice. Many people own valuable items such as a home or a car which they wish to keep. If you are behind on payments for your car or home, declaring Chapter 7 bankruptcy might not be the best choice for you. After finalizing a Chapter 7 bankruptcy, your creditors may take any valuable items that you own. For people who do not own valuable items or wish to exchange the items in return for less debt repayment, Chapter 7 bankruptcy might be a better option than Chapter 13 bankruptcy. However, keep in mind that Chapter 13 bankruptcy gives people who own valuables such as property and automobiles more options. In certain circumstance, declaring Chapter 13 bankruptcy in Riverside can allow you to not only keep your home but also make your mortgage and car payments more manageable. A Chapter 13 bankruptcy can sometimes allow you to treat home and car payments like credit card payments. Even though you have to pay more towards clearing your debt per month, a Chapter 13 bankruptcy...