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Bankruptcy can seem very intimidating to most people, and the average person has a number of misconceptions about the bankruptcy process. Here are the top 3 misconceptions that we hear from clients:
If you’re human then you’ve probably made a mistake or two in your life; it’s inevitable. As a matter of fact, some of the most recognizable names in Hollywood and history have been in the same boat and utilized the legal solution to the financial hole that many feel they’ll never be able to pull themselves out of… Bankruptcy.
Right now, with recent events, money is tighter than ever. While bankruptcy often is not a first choice, it is a great option when one is needed. Below is a list of pros and cons for both Chapters 7 and 13.