Bankruptcy Protection for Filers Under Chapter 7 or Chapter 13 A person struggling financially will likely consider working on a bankruptcy case to address his or her financial problems. Depending on the specific circumstance of the bankrupt individual, filing for bankruptcy can help stop repossession, foreclosure, and wage garnishment.
Dealing with Debt and Deciding to Declare Bankruptcy
There are different types of bankruptcy, each with a set of advantages and disadvantages. A Chapter 7 liquidation, for example, is usually best for those dealing with credit card bills, medical bills, and personal loans.
It is best to consult with a seasoned local attorney who is knowledgeable with all federal and state laws that will come into play.
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The Law Office of Clark Daniel Dray 7350 E Progress Pl #100, Greenwood, CO 80111, United States contact@draylegal.com 303-327-9721
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