If you're just starting a family, you likely have a lot of things on your mind. It can be difficult to plan for the future if you have a busy everyday life, but it's important that you take the time to properly handle your affairs. It's recommended that you meet with an estate planning attorney like Wotitzky, Wotitzky, Ross & McKinley so that you can properly plan for future events. Take a look at the following information to better understand some of the essential planning tools for young parents.
Filing for bankruptcy protection can be quite confusing, mostly because of the different types of bankruptcy available to you. Two reasons to consider filing for a chapter 7 instead of a chapter 13 bankruptcy are that it allows you to start over financially and it is a faster process.
Start Over Financially
The biggest reason to file for a chapter 7 bankruptcy is that it will allow you to get rid of the majority of your debts and start over.