Deciding to file for bankruptcy is a significant step, often taken when financial pressures become too great to handle through other means. It’s a decision that requires understanding the different types available, mainly Chapter 7 and Chapter 13 bankruptcy, and knowing which one you qualify for. Why Do People File for Bankruptcy? Individuals typically file […]
How is Chapter 7 Bankruptcy different from Chapter 13 Bankruptcy?
If you are considering bankruptcy as an option for your financial situation, you should know there are a few options. Chapter 7 bankruptcy and Chapter 13 bankruptcy are two of those options, which we have outlined and compared below. Chapter 7 Bankruptcy Chapter 7 bankruptcy is a liquidation process where a person’s assets are sold […]