Archives for June 2022

When someone gets into financial trouble they may have questions about bankruptcy protection, an important tool to restore financial health. There are two primary types of personal bankruptcy - chapter 7 and 13. For people with lower incomes, chapter 7 often results in a full discharge of unsecured debt on a short time line. A chapter 13, on the other hand, is a repayment plan where some of the debt is repaid over a 3 to 5 year period, at which point, remaining unsecured debt is … [Read more...]