Chapter 12

Filing for bankruptcy is never a simple decision you take lightly. If you’ve determined bankruptcy is the right choice for you, your next step is to gather all the necessary documentation and find out if you’re eligible for chapter 7 or chapter 13 bankruptcy.

Whether your bankruptcy involves liquidating your assets or creating a repayment plan, you’ll need to gather the same documentation. An attorney can help you with filing paperwork and determine what course is best for you. To make the most of your time, make sure you bring all necessary documentation with you.

Credit reports are made up of all of your credit history from lenders and public data. In this report, you’ll find information about the type of credit you have, your payment history, and the amount of time your accounts have…

Making the decision to file for bankruptcy is certainly difficult. Once you’ve decided to file, you must determine which chapter of bankruptcy is most appropriate for your situation. Each chapter of bankruptcy has a different time range for completion.

In general, Chapter 7 bankruptcies are processed the most quickly as they are a form of liquidation. Chapter 12 bankruptcy and Chapter 13 bankruptcy often take longer as they involve repayment plans.

Although you’re likely eager to have your case over and done with, you will have to wait for debts to be officially discharged. In this blog post, we’ll look at some of the most common forms of bankruptcy and their average completion times.

Let’s face it. There’s a lot to know about bankruptcy. Whether you’re thinking of filing or have already made the decision to file, the sheer amount of information out there can be overwhelming to even the calmest individual.

Filing for the right form of bankruptcy is the first step to achieving a favorable outcome. Let’s go over the most common forms of bankruptcy as well as the advantages and disadvantages of each type.