Sacramento Bankruptcy Attorneys Answer Your Bankruptcy Questions
What is Chapter 7 Bankruptcy? As a Sacramento Bankruptcy Attorney this is one of the most common Bankruptcy question. Chapter 7 Bankruptcy is often referred to as a straight bankruptcy.The basic purpose of chapter 7 is to provide you with a fresh start by wiping out all qualifying debts including credit cards, medical bills, repossession deficiencies, law suits as well as a variety of other debts.
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Bankruptcy and the Protection of Your Co-Signer
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How Chapter 13 Bankruptcy Can Help You
Chapter 13 bankruptcy is a form of debt relief put into place by the federal government that allows you to pay your debts back to your creditors over a period of no more than five years. How long you have to pay back your debts after you enter chapter 13 bankruptcy depends on a number of things, including factors such as your income and the amount of debt you owe. It is there for people who do not want a chapter 7 bankruptcy or those who do not qualify for a chapter 7 bankruptcy, and looks a bit better on your credit report.