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Chapter 7 versus Chapter 13 Bankruptcy

By |2020-12-22T20:06:48-08:00November 10th, 2017|Adam Weiner Bankruptcy Attorney Portland, Adam Weiner Bankruptcy Lawyer, Debt|

The two main bankruptcies for individuals are chapter 7 and chapter 13. In general, if an individual is looking to obtain a fresh start and obtain debt relief by filing a bankruptcy, chapter 7 is preferable to a chapter 13. The threshold matter for determining whether someone qualifies for a chapter 7 versus a chapter 13 is what kind of debt that the debtor has.

Does filing a bankruptcy make you a failure?

By |2020-12-22T20:06:48-08:00October 19th, 2017|Adam Weiner Bankruptcy Attorney Portland, Adam Weiner Bankruptcy Lawyer|

No!!! In the summer of 2009—after the economy collapsed due to the rampant fraud and corruption of Wall Street—General Motors filed a chapter 11 bankruptcy. Not only did this bankruptcy filing for GM help the owners of GM (the shareholders), it helped all the employees, and all of the companies that do business with GM, and everybody who has a retirement account that has GM stock.

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