Paying Back Debt On Bankruptcy

Some individuals are a bit confused about what bankruptcy is. Bankruptcy is a legal status that defines the fact that a debtor is unable to pay his or her balances. There are several chapters of bankruptcy that one can file. It depends on that person’s income what chapter he or she can file.

A bankruptcy status does not always mean that a person does not have to pay his or her bills. In some cases, the debtor may still have to pay a small percentage of his or her debt. The best way to find out how much the person will have to pay is to consult with a bankruptcy attorney San Diego at once.

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