The decision to file for bankruptcy often follows months or even years of financial hardship and struggling with debt. If you have reached the point where you acknowledge you need to take legal steps to deal with your debt, it is then necessary to decide which chapter of bankruptcy is the most appropriate for your situation.
New York consumers can most often choose between either Chapter 13 or Chapter 7. Both of these options are similar in that they help an overwhelmed consumer deal with his or her debt, but there are also distinct differences between them as well. It is in your interests to get information about both options, including eligibility, benefits and more.