Chapter 13 Bankruptcy & Chapter 7 Bankruptcy
If you are in debt, dealing with collection calls and threats of wage or property garnishments, you understand the stress and anxiety such a situation can cause. Your indebtedness may be through no fault of your own as you may have lost your job or incurred significant medical bills. Bankruptcy is an option available that can help give you a fresh start, eliminate those collection proceedings and get you back on your feet again. However, before filing for bankruptcy, there are some important things that you need to know, such as what is Chapter 7 bankruptcy or what is Chapter 13 bankruptcy. Learn more about the different types of bankruptcy.
What Is Bankruptcy?
Bankruptcy is not something to be taken lightly. It is a federal court process that is designed to help you eliminate debts and, if possible, repay them under the protection of the bankruptcy court.