Getting Back on Top After Chapter 7 and Chapter 13
Many people in deep financial trouble feel the bankruptcy courts are not fair since the law has changed in 2005. However, the seven-year debt release mandated by U.S. Bankruptcy code is a testament to the fairness and impartiality of the American court system which provides debt relief for most consumers ridden with financial woes. Chapter 13 bankruptcy is not a quick fix for indebtedness, but a long range resolution toward financial freedom. With Chapter 7 bankruptcy many times you might lose some property but in exchange for your freedom crushing debt it’s a worthwhile trade. Whichever chapter you choose after you go through the process and no longer have creditors beating down your doors, you should be able to sleep again.