Types of Bankruptcy
What Type of Bankruptcy is Right for You?
There are 3 main types, or chapters, of bankruptcy. They are:
Chapter 7
Chapter 7 bankruptcy is often referred to as liquidation bankruptcy and is the most common chapter of bankruptcy that is filed.
More on Chapter 7 Bankruptcy
Chapter 11
Chapter 11 bankruptcy is used for business reorganizations. Higgins & Associates is a personal, consumer bankruptcy law firm and as such, does not file Chapter 11 cases.
Chapter 13
Chapter 13 bankruptcy offers the debtor that does have regular income a means to repay debts on better terms. Chapter 13 bankruptcy also offers a full discharge option.
More on Chapter 13 Bankruptcy
Is Personal Bankruptcy the Right Choice?
Complete our Free Bankruptcy Evaluation Form and an Experienced Bankruptcy Attorney will help you determine if Filing Bankruptcy is right for you!