Should I File Bankruptcy?
If you are reading this then you are probably asking yourself “Should I file bankruptcy?” A Chapter 7 bankruptcy is the most common form of bankruptcy. A chapter 7 bankruptcy can also be referred to as liquidation; although with most cases, there is little if any actual liquidation involved. Chapter 7 usually means that if you have any assets they get liquidated to pay the creditors. Of course, there are many exemptions. An experienced bankruptcy lawyer can go over the different chapters of bankruptcy and explain in more detail what chapter 7 is.