We all go through money troubles at some point in our lives, but none of them is as daunting as intimidating as going bankrupt. But despite the negative connotation often associated with it, declaring bankruptcy offers individuals and businesses a way out of financial difficulty.
Most people who file for bankruptcy have one common goal – to receive possible debt relief. What many aren’t aware of, however, is that there are different types of bankruptcy. As for personal bankruptcy programs, they are usually filed either under Chapter 7 or Chapter 13 bankruptcy.