This economy has created a very difficult environment for many many citizens. It is not an easy time.
There are times when you must struggle through money matters, hoping to get through the day. Still, there finally comes a time when you realize that you really need a 'fresh start'. A bankruptcy might be the right option for your particular situation.
There are several different types of bankruptcies. You should contact a bankruptcy lawyer to discuss your options.
Common Types of Bankruptcy
Chapter 7 Bankruptcy:
A chapter 7 bankruptcy is typically known as a liquidation or straight bankruptcy and is usually the quickest and simplest form of bankruptcy for individuals and businesses.
Chapter 11 Bankruptcy:
A chapter 11 bankruptcy is typically known as a reorganization or rehabilitation bankruptcy and is commonly used by business debtors and corporations, and allows companies to continue to operate as long as you follow a debt repayment plan. Individuals can also take advantage of this type of bankruptcy if it makes sense for them.
Chapter 13 Bankruptcy:
A chapter 13 bankruptcy is typically known as a rehabilitation or Wage Earners Bankruptcy, and allows individuals with regular incomes develop a payment plan to repay all or part of their debts.
Call the Firm to set up a formal consultation to discuss your options with the Firm's Seattle bankruptcy attorney
Again, thank you, for considering THE RO FIRM, P.S.C. - Seattle's Bankruptcy Attorneys!