Key differences when considering the chapters make selecting the most appropriate one crucial for success. Making use of our analysis, we explain the way they work and exactly how individuals fare under each.
Sept. 27, 2017, 8 a.m. EDT
Series: Too Broke for Bankruptcy
Exactly Just Just How Bankruptcy Fails People Who Want It Many
The 2 primary bankruptcy choices offered to individuals inundated by unsecured debt are Chapter 7 or Chapter 13. The choices vary significantly in the way they work additionally the relief they give you. Here are the essential characteristics of each and every chapter, along with data drawn from ProPublica’s analysis of bankruptcy filings from 2008-2015 to exhibit what kinds of debtors opting for each chapter and exactly how successful they have been at having their debts wiped away or released. This guide is component of our show on bankruptcy, which takes a detailed, critical glance at the system and its particular shortcomings.