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Declaration Concerning Debtors' Schedules Form 6SIG Post

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Declaration Concerning Debtors' Schedules Form 6SIG Post

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[Music] hi my name is chuck panzarella and today we're going to talk about what happens when you declare bankruptcy and more specifically when should somebody declare bankruptcy and what's the difference between chapter 7 and chapter 13. first what happens when you declare bankruptcy i talk to a lot of people and most people want to know is bankruptcy a good strategy or is there a better way to get rid of debt i usually advise people that bankruptcy is the best strategy for eliminating debt however a lot of people would really rather not have a bankruptcy on their credit report so the benefits of bankruptcy are that it's an immediate automatic elimination of credit card and medical debts for most people that qualify it immediately stops collections it gets rid of any other excess debt like old irs liens tax liens personal loans it also stops any wage garnishment and it immediately gives someone the ability to wipe the slate clean and start rebuilding their credi

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