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3 Common Types of Bankruptcy, Explained
Our professional bankruptcy attorney in West Palm Beach, FL can provide you with full details
Filing for bankruptcy is an attractive option for borrowers who are drowning in debt. Before you move forward, however, you should consult a professional bankruptcy attorney to determine whether you qualify. Michael A. Kaufman, P.A. focuses on bankruptcy law in West Palm Beach, FL and the surrounding area.
Individual borrowers generally qualify for one of three types of bankruptcy:
Chapter 7 bankruptcy: Unsecured debts can be discharged through liquidation.
Chapter 11 bankruptcy: Certain real estate debts can be reorganized through a repayment plan.
Chapter 13 bankruptcy: Personal debts can be reorganized through a repayment plan.
You must meet certain income requirements to be eligible, so contact our local law firm today to discuss your financial situation with attorney Kaufman.