What is Bankruptcy?

If you are overwhelmed by debt, bankruptcy may be your only option. You can file for bankruptcy under different chapters depending on your circumstances and your eligibility. This section will explain the basics of bankruptcy, chapter 7& chapter 13 – the two most common chapters of bankruptcy and also provide answers to some frequently asked questions about bankruptcy. This section also contains articles about the advantages and disadvantages of each bankruptcy chapter. Click on the links to know more.

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