Six Differences Between Chapter 7 And Chapter 13 Bankruptcy

Are you looking into bankruptcy, but feeling a bit confused about the differences between Chapter 7 and Chapter 13? Here is what you need to know about these two forms of bankruptcy. Who's Eligible? The main thing to be aware of is who is eligible for each form of bankruptcy. Chapter 13 bankruptcy is for individuals seeking relief from debts. Whereas, Chapter 7 can be for both individuals and businesses who are seeking help. [Read More]

3 Benefits Of Working With An Attorney When Facing Bankruptcy

There may be a time when you find yourself in so much debt that you can't get out of a financial hole. In this instance, bankruptcy may be appropriate. If you're facing this situation, consult with a bankruptcy attorney. They can help you tackle this process in the following ways.  Assess Your Financial Situation Sometimes filing for bankruptcy isn't always the solution to dealing with a lot of debt. In some cases, you may be able to pay back this debt by budgeting and putting leftover money towards these expenses. [Read More]