2019
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Which One Is Better: Chapter 7 Or Chapter 13?
If you are in the initial stages of evaluating bankruptcy as a way out of debt, you might wonder whether it is better to use Chapter 7 or Chapter 13. This is one of the first questions people ask bankruptcy lawyers when meeting with them, and the answer is always the same. It depends. Here are several factors that will help you determine which option is better for you. The types of debts you have
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Why Declaring Bankruptcy Can Be Good If You Have Numerous Outstanding Payday Loans
Obtaining a payday loan may be necessary for a variety of reasons, but if you're still struggling financially afterward, you might decide to obtain another such loan. It's easy to accumulate loans from several payday lenders in a short amount of time, and this can leave you in a deep financial hole that is difficult to climb out of. If you're in this situation, it might be time to think about declaring bankruptcy.
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Exploring Chapter 13 Bankruptcy
Many people who are drowning in debt are reluctant to file bankruptcy. They may be worried it will affect their credit even more, or they are concerned others will think less of them for neglecting their creditors. While these are legitimate concerns, they aren't necessarily true, particularly when people file Chapter 13 bankruptcy rather than Chapter 7. Here is what you should know about your legal rights under the federal bankruptcy code.
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