Qualifying for bankruptcy is important for struggling consumers considering filing for bankruptcy protection to understand. First, it is important to note that here are generally two types of personal bankruptcy protection including Chapter 7 bankruptcy protection and Chapter 13 bankruptcy protection.
By themselves, both bankruptcy and divorce can be challenging situations. When you consider going through both at the same time, the thought can be overwhelming.
The bankruptcy process may seem intimidating at first until the party considering it understands personal bankruptcy protections. There are generally two types of personal bankruptcy protection and Chapter 13 bankruptcy is one type.
Chapter 7 bankruptcy is a personal bankruptcy option that can provide debt relief for struggling consumers. Individuals considering bankruptcy may have many questions and it is important for them to get answers and understand the steps in the process.
Unfortunately, many people can end up with medical bills and credit card bills and be trapped in a vicious cycle of both. Fortunately, personal bankruptcy options can help with these forms of unsecured debt.