Filing chapter 13 bankruptcy

Did you know that one out of every 70 households in the United States files for bankruptcy? Bankruptcy is common in the United States partially because 43% of American families spend more than they earn. However, bankruptcy is a viable option for many individuals because it is a way to reduce or eliminate debt. There are two common types of personal bankruptcy available, and each one is beneficial in its own way.

– Chapter 7 bankruptcy.

Chapter 13 bankruptcy. Read this website for more information.

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