If you’re looking for bankruptcy information online and stumble across a website with what appears to be relevant information, do you trust it? How do you know?
You’ve probably asked yourself this 1 million times as you surf the net, who do you trust? Get the right information and you’re all set. Get the wrong information and you can lose a lot, your home your car, your possessions and potentially everything.
So here is your lesson you need to learn. Don’t make your decisions solely based on the Internet. Blogs and websites are handy resources to get some background information and learn about the bankruptcy attorney or a bankruptcy service you might intend to hire. But if the blog or website seems too slick, lacking in solid and deep information, and doesn’t give you any information about the lawyer or service, maybe you should look elsewhere. One good rule of thumb is to always look for a lawyer or bankruptcy service that has a high rating with the Better Business Bureau.
Chapter 7 bankruptcy or liquidation, is pretty common and is intended to wipe the state slate clean by discharging unsecured debt, like credit card debt, medical bills, old utility bills, unsecured personal loans, etc. when filing chapter 7 bankruptcy, unless you run into complications it can be completed within just 3 to 6 months. In a Chapter 7 bankruptcy case, the trustee can liquidate or sell nonexempt assets to pay creditors, but most people who file for Chapter 7 bankruptcy don’t have any nonexempt assets, so they are able to keep their property while getting credit card debt elimination. Filing bankruptcy online is a fast, easy way to wipe the slate clean and start over debt free.