Filing Bankruptcy for me or not?

Take a small test and instantly find out if you need to file for bankruptcy or not?  

• Can’t have a count on the number of debts
• Missing out on the payment dates
• Completely maxed out on the credit limit Your income falls short of your expenses
• Dread to hear the phone ring – Creditors’ FEAR
• Often turned down for credits  

If you’ve answered YES to the above then you need bankruptcy lawyer’s assistance. Consider two options for filing bankruptcy – chapter 13 and chapter 7 bankruptcy.

Filing Chapter 13 bankruptcy in simpler sense is a re-organisation plan for you with regular income. It allows a debtor to retain his/her assets, be it home, car or property. Clear your debts in a span of 3-5 years.   Filing Chapter 7 bankruptcy is for ‘liquidation’. The debtor’s non-exempt property will be sold and the proceeds will be distributed among his/her creditors.

After Filing Bankruptcy:

If you’ve already filed bankruptcy and dread that no lender will consider you for any kind of loan, stop fearing. Lenders will approve your loan application even though your credit report shows bankruptcy. But, before applying for loans after filing bankruptcy, make sure that you’ve made your payments and are discharged of your bankruptcy. This discharge of bankruptcy, usually takes 2 years minimum. After this, you’re discharged of bankruptcy and fit for any kind of after bankruptcy loans.