Types Of Bankruptcy
There is an imminent social stigma attached to Bankruptcy. There could be nothing more humiliating than bankruptcy. Moreover, there are different types of Bankruptcy, focusing on the debtor and the creditor. If you want to know what are the types of Bankruptcy, read on.
Types of bankruptcy – Chapter 7 and 13 Bankruptcy
There are two types of common bankruptcies filed by individuals or petty businessmen. Chapter 7 and 13 Bankruptcy is meant for those people who are trapped in debts but want to start a new life with a clean slate.