Of the three types of bankruptcies, Chapter 7 or Liquidation is the best choice to take.

Question

Quizplus · Accepted Answer

The best type of bankruptcy to take depends on individual circumstances such as the amount and type of debt, assets, income, and goals. Chapter 7 may be the best option for some, but Chapter 13 or Chapter 11 may be preferable for others. It is important to consult with a bankruptcy attorney to determine the best type of bankruptcy for your specific situation.

Of the Three Types of Bankruptcies, Chapter 7 or Liquidation