Which Bankruptcy is Better for You, a Chapter 7 or Chapter 13?
Unfortunately this question is almost impossible to answer, because it really depends on your unique situation. But, in very basic general terms, it depends on what type of debt you have. A Chapter 7 bankruptcy will get rid of unsecured debt. Meaning credit cards, medical bills, car repossessions, City of Chicago parking tickets OVER 3 years old, older IRS and state income tax debt (if the taxes were filed over 2 years ago), and personal loans. This is not an exhaustive l