Bankruptcy attorney Ben Tobey answering the question: What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?
In life, Americans will inevitably face challenges and obstacles as they attempt to build wealth and secure a financial future for themselves and their families. For some, these obstacles are overcome by some combination of tact, familial support, and luck. For others, however, these obstacles become too much of a burden. This is when discussions of filing for bankruptcy begin to enter the equation.