Which type of Bankruptcy is best for me?
Chapter 7 - Bankruptcy
Are you spending almost all of your income just to pay normal living expenses (housing, food, clothing, transportation, child care, etc.)?
Are creditors calling and demanding money that you need to feed yourself or your family?
Is there no money left to pay credit card debt, medical bills or judgments?
Are wages needed for living expenses being garnished by a creditor?
If you answered yes to one or more of these questions then most likely a Chapter 7 - Bankruptcy can help your financial situation.
Chapter 13 - Bankruptcy
Are you behind on your home loan, need to stop foreclosure and save your home?
Do you owe taxes or student loans that do not meet the requirements for discharge?
Do you want to protect a friend or relative who co-signed for you?
Do you need to bring current child or spousal support payments?
Do you have judgments that were incurred by reason of drunk driving or fraud?
Do you need to protect non-exempt assets?
Have you filed a Chapter 7 within the past 8 years?
If you answered yes to one or more of these questions then it’s quite possible that a Chapter 13 - Bankruptcy is the correct solution in your case.