Many consumers go and speak with an attorney regarding the types of bankruptcies they can file. While there are many, usually consumer bankruptcies fall under Chapter 7 or 13. Each type of bankruptcy is used for a specific type of problem. We look at the most popular ones, and how they differ from one another.
Chapter 13 bankruptcy reorganizes your debt, allowing you to catch up on your payments so you can possibly keep your home and car. This is often the desirable way to file bankruptcy. We answer many questions in regards to Chapter 13 bankruptcy to help our clients better understand what to expect. Should you have any questions, let us know.