Image via Wikipedia When the debts go far over the heads and the chances of seeing a financial daylight is very less, and then bankruptcy is the most viable option. But before filing bankruptcy, one has to consider few many things about whether to opt for Chapter 7 total liquidation or Chapter 13 reorganization of debt and whether one wants to hire an attorney or handle the formalities themselves. Since 2005, stricter bankruptcy laws have been put in place and there are many bankruptcy questions to be answered before filing bankruptcy. Filing bankruptcy on their own without hiring an … [Read more...]