Can That Bankruptcy Debt Be Discharged? How To Know

The goal of chapter 7 bankruptcy is to rid yourself of as much debt as possible and make a new start. To that end, knowing what can be discharged might be helpful for those still undecided about declaring bankruptcy. When a debt is discharged, it simply goes away never to be seen again. If that interests you, read below and learn about some common consumer debts that can be discharged.…

3 Advantages Of Chapter 13 Vs. Chapter 7 Bankruptcy

When you compare Chapter 7 bankruptcy and Chapter 13, you might feel that Chapter 7 is more advantageous. The truth is that Chapter 7 is more beneficial in certain situations, but Chapter 13 is better for others. As you compare these options, you will find that Chapter 13 offers three huge advantages over Chapter 7. Here are the three. 1. It Stops You from Losing Your Home Each branch of bankruptcy helps in specific ways and for certain situations.…

How The Repayment Plan Works When You Choose Chapter 13 Bankruptcy

Struggling to pay debts and facing a foreclosure or repossession are events that can rob you of peace and contentment in life. Living with debt problems is a stressful way to live for most people. If you choose to get help for your debt problems through Chapter 13 bankruptcy, you can find relief. This branch requires a repayment plan, though, and here is how this repayment plan works. Your Payment Amount Depends on Your Income and Debts…