The Basics Behind Bankruptcy
Bankruptcy can be a process that is quite complicated, which is partially due to all the different forms of bankruptcy. There is not a one-size-fits-all approach to bankruptcy, since you need to pick the kind that works best for your financial situation. Here are the basics of bankruptcy so you can make a more informed decision about your choice. Chapter 7 The most extreme form of bankruptcy is Chapter 7. It is used when someone needs a financial fresh start due to being very deep in debt that they cannot get out of.