Types of Bankruptcy

Filing for bankruptcy can be a very difficult experience for those involved. It is important to note that there are many different forms of bankruptcy that can be filed. By knowing the different types you are better able to determine your best option.

If you are considering filing for bankruptcy, you may be confused as to what steps to take next. Having the support of an experienced bankruptcy attorney can help. Contact the compassionate Boston bankruptcy lawyers at Joshua Spirn & Associates today at 800-975-5346 to learn more about your legal options.

Common Forms of Bankruptcy

There are four main types of bankruptcy that an attorney can assist you with. These include the following:

• Chapter 13 bankruptcy, which allows the filing individual to not liquidate all their assets and instead enter into a repayment plan to pay off debts
• Chapter 11 bankruptcy, which is an option for businesses to file for bankruptcy without stopping operations
• Chapter 7 bankruptcy, which is the most common form of filing bankruptcy as an individual, a family, or a business

These various options for filing each have their own set of benefits. By weighing your options, you can better determine which plan of action is best for you and your loved ones.

Contact Us

If you are facing financial hardship, you may want to consider filing for bankruptcy. The experienced Boston bankruptcy lawyers at Joshua Spirn & Associates may be able to help you with this potentially emotionally difficult process. Contact our office today at 800-975-5346 to discuss your options and rights.