Do you know the difference between Chapter 7 and Chapter 13 bankruptcy? Here’s some very basic information on the different types of bankruptcy to help you out:
When you are having severe money problems, you may think filing for bankruptcy is the best solution. However, this can negatively impact your credit score for many years.
Declaring bankruptcy is a major decision for any individual. While it does have an impact on your financial path, it is also an opportunity to start fresh. If you are considering bankruptcy as a means of resolving financial issues, then it can be helpful to get all of the information you can, before making the decision to file for bankruptcy. You should also contact a bankruptcy lawyer as soon as possible, as there are time limits and penalties that will impact your case.