What are the Different Type of Bankruptcy
What are the Different Types of Bankruptcy I can file? You’re sitting at the kitchen table, staring down at all collection notices that have been piling up in your mailbox. You begin to wonder how on Earth you’re going to make things work. Maybe you just had a hospital visit and lost your job. And then you realize you might have to declare bankruptcy.
Bankruptcy isn’t a decision to make lightly, but it might be your only option. It’s important to know exactly what filing for bankruptcy in Montgomery, or wherever you live, actually means and what the different types of bankruptcies are in order to make the most informed decision.
First, what is bankruptcy? Bankruptcy, simplified, is when you go before a judge and tell them you can’t pay your debts. Depending on the situation, the judge will either erase your debts or make a plan for you to