The most common options for private individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 is the simplest and most common type of bankruptcy and can be completed fairly quickly – this option eliminates eligible debt and with the assistance of a Trustee will sell off additional assets to satisfy additional debts. Chapter 13 is less about eliminating your debt and more about reorganizing it based on your income and financial situation. For either option you will need to meet certain requirements to be able to file for bankruptcy.
Give us a call at 916-458-5190 for help with your bankruptcy concerns or fill out the inquiry form below to schedule a thorough case evaluation with our team.