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January 2016

Found 2 blog entries for January 2016.

Bad times fall on all of us at some time or another. It is during those times we have to make some tough decisions. When debt becomes overwhelming, many find themselves filing bankruptcy to help relieve some of that debt. For an individual there are two types of bankruptcy-chapter 7 and chapter 13. Chapter 7 is allowed when the bankruptcy court determines based on income and other factors the individual cannot pay back the unsecured debt such as credit cards. In Chapter 13, the court determines what the individual can pay over a 3-5 year period in monthly payments to repay the debt. Which type of bankruptcy is filed is determined by many factors so this should be discussed with an attorney who is familiar with this type of law. But what happens after

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