Filing for Bankruptcy When There is no Other Alternative
You got divorced and found out that your husband was using your name to buy stuff that he didn’t tell you about. It’s ruining your credit, and you need help fast because things are becoming financially overwhelming. The only route available is to file bankruptcy to get yourself back on track. It’s hard and embarrassing, but you have no choice. Getting a good fresh start is exactly what you need for yourself, and the children that you are now forced to raise alone. If you don’t, all you will be homeless and will have virtually nothing.
There are two different types of bankruptcies you can file. They are chapter 7 and 13. She is looking at chapter 7, this is the traditional type of bankruptcy where you can either pay the debt off or give up the possession that’s causing it. You can even use your non-exempt property …