Anyone who has ever struggled with debt will tell you how awful the situation made them feel. With so many financial obligations and perhaps even receiving harassing phone calls from creditors, it’s no surprise that many people feel overwhelmed when they face this kind of hardship.
Thankfully, bankruptcy provides a way of relieving some, if not all, of the stress associated with debt. But with so many bankruptcy options to choose from, you might be wondering which one is best for you. To provide clarification to our Massachusetts readers, we wanted to touch on two options in this post: Chapter 7 and Chapter 13. By highlighting the differences between the two, we hope to give you an idea of what might be the best option in your situation.