If a client is considering Bankruptcy instead of a Debt Settlement Plan, make sure they are aware of the advantages and disadvantages of their decision.  If Bankruptcy is the only option for the client, then they should seek legal advice from a bankruptcy attorney so they are informed of the Chapter 7 bankruptcy laws.

The following information is not intended to be legal advice; rather it is just an overview on the basics of the 2 most common bankruptcy types. Continue Reading »