Filing Bankruptcy
Filing Bankruptcy is never an easy decision to make. If you are thinking about filing bankruptcy in Staten Island , you may be wondering how to do that. When consumers file bankruptcy they can choose between two chapters, Chapter 7 bankruptcy and Chapter 13 bankruptcy. Learn more about filing bankruptcy here and continue reading below. When To Consider Filing Bankruptcy Filing bankruptcy may not be a good solution for everyone, if you only have $1,000 worth of debt, it probably wouldn’t make sense to file bankruptcy. The only way to know if filing bankruptcy should be something to consider is by reviewing your individual finances. Ask yourself, if you will be able to pay your credit card debt off within two years or less. The best way to determine if you should consider filing for bankruptcy is to run some numbers. Take your credit card debt and divide it over 24 months (two years). Ask yourself if you have a steady income to be able to pay this ...