Making the choice to file for bankruptcy is not easy. California consumers who face this choice often do so because they feel that they have no other options. While filing for bankruptcy may feel like a last resort to you, it may actually offer you many benefits, including the opportunity to have a future that is free from overwhelming debt.
If you are drowning in debt, you may know that either Chapter 7 or Chapter 13 could be the right path. Depending on the nature of your individual financial situation, Chapter 13 could be the optimal choice for you to reach a better future. Whatever you decide, you would be wise to consider all of your options and seek appropriate guidance before you move forward.