With so many questions surrounding the chapter 7 bankruptcy process, you cannot move forward in a confident manner until you discuss your situation with a qualified attorney.
Ask most people which route they would rather take, and the majority of those who are informed will tell you Chapter 7.
The problem with this is simple: you may not qualify for Chapter 7 bankruptcy, as there are strict eligibility requirements in place. If you do not qualify, you will then need to turn your attention to Chapter 13. In addition, in some cases, you are much better off and receive much better benefits by filing for Chapter 13.
