If you’re in debt, knowing whether Chapter 7 or Chapter 13 bankruptcy is the appropriate solution for you is not a simple question. So, how do you figure out what to do? Although an amazing tool for a lot of things, the internet is not the answer here. There is a ton of misinformation on the internet! Even if the information you find is technically correct, it can also be very misleading and confusing. Think about the following example.
Picture this: You owe a ton of money on your credit cards. You’re at risk for falling behind on your house and car payments, even though you’re up-to-date currently.