Is It Worth Filing For Chapter 7 Bankruptcy? Know These Pros And Cons


Are you looking for a way to get out of debt and have been considering chapter 7 bankruptcy? If so, it will help to know the following pros and cons of using this method to discharge debts and get a fresh start.  Pro: Chapter 7 Discharges Almost All Unsecured Debts The biggest benefit of using Chapter 7 bankruptcy is the number of debts that it will get rid of. Thankfully, the vast majority of your unsecured debts, which are those that are not secured with any assets, will be discharged.

23 March 2021