If you are considering filing for bankruptcy, it’s best if you know all your options and how filing for bankruptcy can help you. The overall purpose of filing for bankruptcy is, if you are struggling, eliminating some of the debts you owe so you can get back on track. No one wants to file for bankruptcy, but sometimes you don’t have a choice. At Ron Lundquist, I typically work with two types of bankruptcy, Chapter 7 and Chapter 13. Each of these filings comes with its own benefits, all of which I will explain in detail here.
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