10/06/2026
Is Bankruptcy The Right Step For All Debtors Who Are In Serious Debt?
This is a difficult question to answer because what is right for one person may not be right for another – and “serious debt” means different things to different people.
In a Chapter 13 setting, serious debt would likely mean that the person is behind on mortgage payments, car payments, and/or they may owe the Internal Revenue Service back taxes. If this sounds like you, you may want to consider a Chapter 13 filing.
Learn more here: https://wallacebankruptcy.com/what-happens-to-my-credit-score-after-filing-a-bankruptcy/