Which type of bankruptcy applies to debtors who have no regular income?

There is no requirement that you have to be employed in order to file for bankruptcy. In fact, job loss is one of the most common reasons people file for bankruptcy. However, being unemployed can still affect the outcome and success of your bankruptcy filing. This depends on whether you are filing a Chapter 7 or Chapter 13 bankruptcy. Read on to learn more about how being unemployed can affect your bankruptcy.

CHapter 7 bankruptcy is for those who dont have regular income.

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