Bankruptcy Options
There are two different bankruptcy for most of us to chose from. It depends on what has happened in our financial life, to help deiced which will help the most. If there is a total loss of income and can not afford to even make the car or house payments, Or you are making just enough to continue to make the car and house payments. The chapter 7 might be the best choice it is a discharge of unsecured debts meaning the credit cards and medical bills. surrendering the house and car if you can’t afford to make the needed payments to keep them.
If you had a temporary loss of income and have fallen behind on the house and car the chapter 13 will help you catch up on the payments through a three to five year plan making it more affordable. If you have any credit card debts or medical bills they can be put in the plan and either be discharge or pay them some of the money owed based on your disposable income.
Please fill out our free evaluation form to determine if bankruptcy is right for you.
