Chapter 7 vs. Chapter 13

[cubswin]

If I barely fail the means test for Chapter 7, thus forcing me to go Chapter 13 does that mean I will have a very minimal payback plan. In Colorado it seems the cutoff is $110 disposable...so if I barely fail, does that mean I should expect a payback plan under Chapter 13 of around that $110??

If so, with such a minimal payment for 5 years, would it be better for my credit in the long-run to do the Chapter 13 and pay this $110...does my credit recover quicker OR am I screwed either way and even more so because I have to pay this additional payment whereas a Chapter 7 would have discharged everything?

[liz417]

If you are that close, I'm sure you (and your attorney) can go over your expenses again to see if there is anything you missed. There's no reason to do a ch 13 *if* you qualify for a ch 7 (unless you are trying to save some assets).