Filing for bankruptcy is a viable option for those overwhelmed by debts and in need of relief. Individuals may opt for Chapter 7 or Chapter 13 bankruptcy depending on personal circumstances, but both options will impact your credit score. While bankruptcy gives you...
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Month: October 2022
Should your business file Chapter 7?
Chapter 7 bankruptcy is one option when you need to declare bankruptcy for your business. You may hear people refer to it as liquidation because that is what happens when you file this chapter. Before you file, it is essential that you understand what filing Chapter 7...
How does Chapter 13 bankruptcy work?
Job loss, a serious illness, divorce or another difficult life situation can force you to take out large amounts of debt. If you feel like there is no way out from the debt you accumulated, you may consider filing Chapter 13 bankruptcy. According to the U.S. Courts,...
