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1General questions about your debt
Chapter 7 Bankruptcy is commonly used when you have little property and when you have little or no money after paying your basic expenses. In this type of filing most of your unsecured debt can be eliminated. This type of filing moves quickly and can be resolved in a matter of months.
Chapter 13 Bankruptcy is often a suitable choice when you have significant equity in your home and you would like to keep it. This type of filing is good if you have a regular income, but can’t keep up with regular payments. This kind of bankruptcy usually gives you 3 - 5 years to catch up on payments by spreading out the schedule of your payments.
Before you consider filing for Bankruptcy you may want to learn about your options. If Bankruptcy is the answer in your particular case, our partners can give you the guidance to get it done in a most professional manner. Bankruptcy is a multi-step process that involves many forms and procedures. An attorney that specializes in this area of law, to assist in getting you the best possible outcome.
The decision to file (or not file) for bankruptcy is a big one. It is best to get professional advice from an attorney that specializes in all areas of bankruptcy protection.
At Bankruptcy Relief our partners can provide the tools and answers you need to make the best decision in your particular situation. There are other alternative available to you and it is best to gather the best information before you decide what to do.
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