No American wants to be associated with bankruptcy as it signifies financial hardship. Surprisingly, bankruptcy can help you reorganize your financial situation. It provides some form of relief from debt collection. Unfortunately, people don't understand the basics of bankruptcy. As such, this article will offer valuable insights into Chapter 13 bankruptcy and what it entails.
What's Chapter 13 Bankruptcy?
With Chapter 13 bankruptcy, getting a deadline extension to pay your debts is possible.
Read More
When most people think about bankruptcy, they think about what's known as Chapter 7 bankruptcy. This form of bankruptcy involves a one-time forfeit of eligible assets and payment to creditors, after which the remaining qualifying debts are discharged. However, Chapter 13, or repayment, bankruptcy may be a better option in a number of situations. Why should you consider it? Here are a few ideal times.
1. When You Have Ethical Concerns
Read More