Lots of people don’t know this at this current point in time but in terms of getting a filing to declare that you are bankrupt there are actually two options that you could end up opting for. Each option comes with its own pros and cons, and as a result of the fact that this is the case you need to weigh each of them carefully in order to ascertain which one has the potential to end up working out for you.
While Chapter 13 certainly has a few benefits to it, we would say that chapter 7 bankruptcy for financial management is the way to go for most people. For one thing it tends to take a far shorter time in order to be processed without a shadow of a doubt. It can be a little nerve wracking to have filed for bankruptcy and to have to wait a really long time before you can move forward with your life, so trying to opt for the option that takes less time is generally going to be something that you would find useful to a certain extent.
If you are confused about any aspect of the filing process you should never hesitate to think about contacting your lawyer. This person is the one that is going to be handling everything for you, and if you do as they say the process will go over far more smoothly. The advice they give you is generally for your own good, so just bear in mind that you ever decide to go against it for whatever reason you would only be putting yourself in jeopardy and you would regret it later on.