Having financial troubles can be very stressful. It is one of the leading causes of divorce
. If you are overwhelmed by debt and you are having trouble providing for your basic needs, Bankruptcy
may be an option. Chapter 7 Bankruptcy allows a person to discharge
(not pay back) certain debts that you will never able to pay, even if you worked for the rest of your life and you lived to be 150 years old. Chapter 13 Bankruptcy, also known as a wage earner plan, allows someone to pay the most important debts
(house payment, car payment, etc) but keep other creditors at bay so you can pay your everyday expenses. If you finish the plan, you can receive a discharge of unsecured debts
, like credit cards, medical bills, lawsuits, garnishments, etc.
There are many things to think about when considering filing Bankruptcy. Don't let a firm