There are various alternatives available for filing bankruptcy and you need to search for the alternative that suits you the most. There are two main types of bankruptcy, known as chapter 7 and chapter 13, let us go through the basic information regarding chapter 7

Chapter 7 bankruptcy

Chapter 7 bankruptcychapter 7 bankruptcy laws

Eligibilitybankruptcy servicesProcedure

Chapter 7 bankruptcy rules are drafted to help honest citizens who have accidentally landed themselves in financial problems. At first, several chapter 7 bankruptcy forms are supposed to be filled out to provide all basic information. So try to apply through computer-generated data to quicken the process. Around 40 days after filing chapter 7 bankruptcy, you need to be present at the court for the First Meeting of Creditors. After the meeting, the court releases the person of all debts around 70-75 days.