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Bankruptcy can be a viable debt relief option for those who are unable to repay their debt. Bankruptcy was established by the US Government to help struggling Americans find relief from overwhelming debt. It allows for a fresh start towards a financially sound future. After filing for Bankruptcy, you can immediately take steps towards rebuilding your credit.
Chapter 7 Bankruptcy involves credit card debt, medical bills, payday loans and tax debt among other types of unsecured debt. In this bankruptcy, most of the debts are discharged and you are longer obligated to pay them. Chapter 7 Bankruptcy is designed for people with limited income who do not have the ability to pay back most or all their debt.
Chapter 13 Bankruptcy is designed to help people who have a regular income but are overwhelmed with their debts. In this bankruptcy, you are given a plan to catch up with past-due payments during a three to five-year repayment plan. Chapter 13 bankruptcy is designed to reduce your monthly or weekly payments.
If you need help or relief from your debt, don’t delay any longer! Let US Bankruptcy Support help connect you to a local attorney who can help you with your case. Get your FREE Bankruptcy Evaluation today – complete this easy online claim form!