Under Federal bankruptcy laws, there are a variety of different types of bankruptcy, or chapters. Those different chapters are commonly used for different people or entities with different kinds of debt.
There are four bankruptcy “chapters”:
Debtors have the option of filing for bankruptcy under any of the chapters that apply to them. So you may be able to file under more than one of the chapters of bankruptcy. If you have questions about bankruptcy or which chapter is best for you, you should consult with an experienced bankruptcy attorney.
Determining what type of bankruptcy is best for you may required the help of an experienced bankruptcy attorney. If you are thinking about filing for bankruptcy or want to learn more about filing for bankruptcy, call us at (859) 209-2101.