Chapter 7 vs. Chapter 13: which is right for you?
Chapter 7 vs. Chapter 13: which is right for you?
Article provided by The Law Offices of Elkins & Freedman
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If you are having difficulties paying your bills, you are not alone. With the economy slowly recovering, there are many others in your situation. You may be considering bankruptcy as a solution to your problem. If so, it is helpful to know your options.
There are two types of bankruptcy that you could file: Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, many of your debts are discharged, meaning that you ...