What is a Chapter 13 Bankruptcy?
Did you know there is more than just one type of bankruptcy which can be filed? Most consumers who file, file for what is known as a Chapter 7 bankruptcy which is also known as a straight or liquidation bankruptcy. This type is the most common and is done when a person has limited assets. Most debts are discharged like credit card debt and loans, but the person does generally surrender things like homes and cars which are sold to pay...