ALL You Need to Know About Bankruptcy | Bankruptcy Chapter 7 and 13 Comparison and More

There have been well over 500,000 bankruptcies filed every year which may have you thinking if bankruptcy is the right choice for you. I cover the MOST CRUCIAL details about bankruptcy (specifically bankruptcy chapter 7 and chapter 13/ bankruptcy chapter 7 vs 13) including how does bankruptcy affect your credit, can you file bankruptcy without losing your house, how long does bankruptcy stay on your credit report and MUCH MORE so you can make an informed decision. The two main bankruptcy filings you may hear about is Chapter 7 and Chapter 13 bankruptcies. Both options offer relief but there are certain qualifications for bankruptcy chapter 7 which is a full liquidation. Chapter 13 requires paying back your creditors, but in a more manageable way. While bankruptcy may be a fresh start, it is not for everyone. I discuss who should NOT file bankruptcy because the damage it can cost might outweigh the benefits of bankruptcy and leave you with 7 or more years of rebuilding. If you like this video then please LIKE THIS VIDEO! and subscribe ;) Instagram: @thecashcompass Business e-mail: thecashcompass@gmail.com For donations: PO Box 814954 Hollywood, FL 33081 Cashapp: $KrystalTodd Venmo: @KrystalTodd My Youtube Set up: www.amazon.com/shop/thecashcompass *Please be sure to do your own due diligence before making ANY financial decisions. On my channel I share with you my research but please verify everything for yourself! I do not give investment advice, just share my thoughts any my choices!* *Some of the links on this page are affiliate links, meaning, I may earn a commission if you click through and make a purchase, at absolutely no cost to you. Affiliate commissions help keep my channel going so thanks for your support!*