You might have heard about Chapter 7 and Chapter 13 bankruptcy (These are The 2 commonest bankruptcies for people), but Are you aware there are actually 6 different types of bankruptcy readily available? Below's a brief rundown of the differing types of bankruptcy filings:
For over 25
Chapter 7 of the Bankruptcy Code presents for “liquidation” or discharge of specific debts to give an sincere individual debtor a “contemporary commence.” The individual debtor has no legal responsibility for discharged debts.
Phase seven – Discharging the Ba
In that scenario, Chapter thirteen bankruptcy is a much better guess. It gives a debtor three to five years to atone for arrearages so the debtor can help you save the house or hold the car.
Our Phoenix legal staff helps you in all documentation and paperwork necessary to efficiently file