There were 97,287 bankruptcy filings in America during July of 2012, as reported by the Bankruptcy Institute. The number of bankruptcies in the U.S. decreased by 13 percent from 2012 to 2013. However, even then, under chapter 13 bankruptcy laws, there are still a rather hefty number of bankruptcy filings taking place.
“Can i file for bankruptcy?” That is a question that anyone facing down a mountain of debt has asked herself at some point. Before you throw up your hands, however, and scream “I want to file bankruptcy!”, you should have some understanding of both chapter 7 and chapter 13 bankruptcy laws. That way,