Hammond & Hammond, P.C.

Consumer Bankruptcy

Chapter 13 Archives

Which is better: Filing bankruptcy or doing nothing?

No matter how well our economy seems to be doing, a portion of Americans continues to struggle with their debt, which forces individuals and families in some situations to choose between buying groceries and paying creditors. A difficult decision like this, coupled with the threat of calls from creditors, is enough for most to seek advice about debt relief and which option is best in specific situations.

Which is better: Chapter 7 or Chapter 13?

If you are experiencing financial problems, such as overwhelming debt from credit cards or medical bills, you may have already looked at bankruptcy as a way to get immediate relief and begin to put your financial issues in the rear-view mirror. However, when you are at the point where you are ready to contact an attorney to discuss a bankruptcy filing, you'll come across variations in the bankruptcy law that you might not have considered.