Filing for bankruptcy is a difficult decision to make. Ensure that you have all the facts right before you decide to file for bankruptcy. Get in touch with the professionals at Jim Adams Attorney At Law to help you with the bankruptcy process.
Chapter 7 bankruptcy is filed to stop the debt collection right away. It also stops garnishments and foreclosures. Your creditors will no longer be able to harass you for the debt you owe.
When you file for Chapter 13 bankruptcy, your creditors will stop harassing you for a period of time. Meanwhile, you'll need to form a plan of repayment. You can file for a Chapter 13 if you're not eligible for a Chapter 7 bankruptcy.