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 7 bankruptcy is for individuals or businesses that no longer have the means to pay their debt. 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.