Limitations Of Chapter 7
Bankruptcy is something that can help people overcome debt problems by offering them a new start, and there are two main types of bankruptcies available for people to use. While most people prefer using Chapter 7, because it offers complete forgiveness of many debts, Chapter 13 bankruptcy is often the better option. Chapter 7 has limits, which is why Chapter 13 might be better for you. Here are several limitations found with Chapter 7 bankruptcy.