Chapter 7

Chapter 7

The thought of filing for chapter 7 bankruptcy can be frightening and nerve racking. Your entire life you’ve been taught that bankruptcy = bad. Well, that’s not really the case. There are many reasons why you should file for Chapter 7 bankruptcy, but only do it if you really need to. 

Why You Should File Bankruptcy at the Beginning of the New Year

If you ask any bankruptcy lawyer what they feel the best time is for filing bankruptcy, you’ll likely hear a resounding, “Now!” In truth, waiting around to file bankruptcy increases your risk for wage garnishments, lawsuits, auto repossession, and even foreclosure of your home. The New Year is here now, and there are many reasons why you should consider the first quarter as a good starting point for filing bankruptcy.