Filing bankruptcy can be an intimidating process. Understanding key bankruptcy terms can help make it more manageable. At Levitt & Slafkes, P.C., we specialize in helping clients get through the bankruptcy process with compassion and ease.
Whether you are thinking you may need to file bankruptcy, or just want to understand the bankruptcy process, becoming familiar with some important terms can provide clarity and ease any concerns.
Here’s a list of key bankruptcy terms you should know:
1. Chapter 7 Bankruptcy