• Instructor: Attorney Bob Schaller
• Lectures: 1

Alternatives to a Chapter 7 Case.

Filing bankruptcy is a last resort for most people.  People in debt try to avoid bankruptcy by “tightening their belts” to reduce monthly expenses so the debts can be repaid over a period of time.  Other people try increasing monthly income by working overtime or a second job.  Some sell their jewelry, cars, or other personal property.  Bank loans are another source of money to pay existing debts.  If the debtor is lucky, they can obtain a loan from the “Bank of Mom & Dad.”