You may feel as if filing bankruptcy is a terrible thing to do, but you should understand there is a very good reason why it is an option. Sometimes, it is the best way to fix your finances. You have options in the type of bankruptcy you file. Many people choose to file Chapter 13 because of the many benefits that it offers.
If you are one of the many people in Louisiana who is in need of help to manage your debt, you might be wondering if bankruptcy is right for you. When evaluating this option, it is important to know that there are multiple forms of consumer bankruptcy. Chapter 7 bankruptcy may be the most commonly known and used but there are times when a Chapter 13 might be the better option. One example is when you have a home or other assets that you do not want to lose.