09/28/2023
Filing for bankruptcy is not a moral judgment about you or your character. It just means you are ready for a fresh start. www.DsouzaWalton.com
Feeling like your piggy bank is running out of coins? If you've considered filing for bankruptcy, know that you aren't alone. Here are the most common types:
💰 Chapter 7 Bankruptcy - In this case, you sell all of your assets and use the proceeds to pay off obligations to lenders
💸 Chapter 11 Bankruptcy - A business restructures their debt and repayment schedule in a way that eases the burden of the debt
💲 Chapter 13 Bankruptcy - An individual can have the opportunity to enter a payment plan to pay off all or part of the debt within 3-5 years
Let us know if we can offer guidance to anyone in your network who may be considering if bankruptcy is right for them.