Bankruptcy, Chapter 7 or 13?
Bankruptcy is a Federal Law Provided to you designed to get you a fresh start free from harassing creditor phone calls, lawsuits, repossessions and garnishments. It is a privilege granted to you under the United States Constitution. It is a very powerful law because it forces your creditors to permanently wipe out your debts (chapter 7) or to accept a repayment plan which you have proposed (chapter 13).
