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What are the different types of bankruptcy?

Types of Bankruptcy

There are a couple of options when it comes to filing for bankruptcy. The types of bankruptcy include of course personal bankruptcy and corporate bankruptcy. Within the those categories are Chapter 7 bankruptcy and Chapter 13 bankruptcy. Be sure, when contemplating the filing of bankruptcy, that you consider the consequences of each and which type best alleviates the debt structure and obligation while preserving as many of your assets as possible.

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