What Are My Options?
Two of the more noted filing options are Chapter 7 and Chapter 13. Chapter 7 bankruptcy typically involves the utilization of assets as a way to pay off owed debts.
Chapter 13, on the other hand, is an option for those who desire to retain their property. Sometimes referred to as reorganization bankruptcy, Chapter 13 would give you the opportunity to pay your debts over a specified period of time. If you have consistent income, there may even be a grace period available.
The bankruptcy attorney professionals at Medeiros & Associates Lawyers are devoted to your financial well-being. Contact us as soon as you are ready to start your bankruptcy process.