Bankruptcy Attorney - Knowing Your Options
Filing for bankruptcy is an emotional and complicated decision to make.
But once a person has
decided to move forward with the process, the next major question to ask is whether to file for
Chapter 7 or Chapter...
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Bankruptcy Attorney - Knowing Your Options
Filing for bankruptcy is an emotional and complicated decision to make.
But once a person has
decided to move forward with the process, the next major question to ask is whether to file for
Chapter 7 or Chapter 13.
There are pros and cons to both.
People or organizations who qualify
for one may not qualify for the other.
Ultimately, it s best to work with legal counsel to determine the right option for an individual s
circumstances.
When researching and interviewing a bankruptcy attorney, it s wise to be
educated and be prepared with a list of questions.
Here is an overview of the two insolvency
options to help you be a more informed consumer.
Chapter 7
This is the quickest and simplest option available to individuals, married couples, corporations
and partnerships.
A bankruptcy attorney can help you figure out if you can or can t qualify to
file based on the IRS guidelines for your income and expenses.
In the most basic overview of
t
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