Bankruptcy FAQs

by Mark Brinker

bankruptcyNo one ever wants to file bankruptcy, that’s for sure. But if you’re having financial difficulties you owe it to yourself to educate yourself on the basics of bankruptcy because it might just end up being the best solution for you afterall.

Today I ran across an excellent resource that answers virtually any question you would want answered on the topic of personal bankruptcy. Some of the most common questions people have about bankruptcy are:

  • What is the difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy?
  • What is the difference between a Chapter 13 and a Chapter 11 bankruptcy?
  • Can I file Chapter 7 and still keep my home?
  • Will I ever be able to buy a house after I file for bankruptcy?
  • Are some debts non-dischargeable?
  • If I file bankruptcy, is my spouse required to file with me?
  • What about my IRA/retirement account – will it be protected from creditors?

Here’s the link:

It’s entirely possible that you won’t need to file bankruptcy to solve your financial predicament. But before making your final decision I believe it’s wise to at least explore all of your options before proceeding.

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