The decision to file bankruptcy, whether it’s Chapter 7 bankruptcy or Chapter 13 bankruptcy, is an emotionally difficult one.
This is a great question to ask an attorney when you are considering bankruptcy. Many of my clients rent and worry whether they will have somewhere to live after the bankruptcy is over. Some landlords prefer not to rent to someone who has filed for bankruptcy.
Dealing with Financial Struggles? A Bankruptcy Attorney Might be Your Saving Grace
There is this perception that people are running around intentionally charging up their credit cards so they can just get rid of it in a bankruptcy. Like an evil villain in an old movie…rubbing their hands together…laughing maliciously. Muah hah hah! It’s an absurd image.
When someone files for Chapter 7 or Chapter 13 bankruptcy, their property becomes part of the bankruptcy estate.
When you’re tight on money and considering filing for either Chapter 7 or Chapter 13 bankruptcy. every dollar matters. It’s important to know where your money is going so you can budget properly. But, in this age of convenience services, it’s easy to lose track of it.