Making the choice to file for bankruptcy is not easy. It's likely this choice comes after months of financial struggles and complications that make you feel out of control. By taking this step, you may be able to regain your financial stability and move forward to the best future possible. First, you must determine which option is most appropriate for your financial situation.
There are two main types of consumer bankruptcy, Chapter 7 and Chapter 13. The right option for you depends on the specifics of your finances, the types of debts you owe and more. There are also eligibility requirements for each chapter. An assessment of your case can help you move forward with the right option from the beginning, helping you reach your goals faster and more efficiently.