Surviving Your Bankruptcy: Helpful Tips And Advice

Bankruptcy is a complex process, but with the right guidance, you can navigate it successfully.

What is Bankruptcy?

Bankruptcy is a legal procedure that allows individuals to reorganize or eliminate part of their debts when they are unable to pay them. There are several types of bankruptcy, including Chapter 7 and Chapter 13.

Chapter 7 vs Chapter 13 Bankruptcy

Chapter 7 Bankruptcy: This type of bankruptcy involves liquidating non-exempt assets to pay off creditors. It's typically used by individuals with a steady income and few assets.

Chapter 13 Bankruptcy: This type of bankruptcy involves creating a repayment plan to pay off debts over time. It's often used by individuals who are struggling to make ends meet or have multiple debts.

Tips for Surviving Bankruptcy

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