Considering Bankruptcy? There are some basics you should know. This brochure describes what bankruptcy is and some requirements for filing for bankruptcy. It outlines the differences between Chapter 7 and Chapter 13 bankruptcy, including an explanation of what property may be exempt in a Chapter 7 bankruptcy. Also included is information on what bankruptcy can and cannot do for you and reasons why you might not have to file bankruptcy.
More information is available in this brochure published by Legal Aid: Bankruptcy for Low-Income Persons.
This brochure is also available in Spanish at: Bancarrota Para Personas De Bajos Ingresos.