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...]