Many people are faced with the decision of whether to file for bankruptcy. According to the American Bankruptcy Institute, more than 250,000 people filed for bankruptcy in April 2018.1 Most often, individuals will declare: Chapter 7, or Chapter 13 The biggest difference between the two is that when filing Chapter 7, you are filing forRead More
Is Filing Chapter 7 Bankruptcy Right for You?
What is Chapter 7 Discharge?
Chapter 7 bankruptcy is the most commonly filed type of bankruptcy in America. In fact, when people hear the term “bankruptcy,” they are usually thinking of a common Chapter 7 liquidation, during which a court-appointed trustee collects a debtor’s nonexempt assets, such as vacation or second homes, a new vehicle, investments or valuable artwork, andRead More
Should I File for Chapter 7 or Chapter 13 Bankruptcy?
Many people who are struggling with debt consider bankruptcy, but how do you know which type of bankruptcy to file? If you’re a consumer who is just beginning research on bankruptcy options, you can generally rest a bit easier knowing there are really only two types that are likely relevant to you. Chapter 7 andRead More