It is never easy to file bankruptcy but once the decision is made, you then must decide whether to file under Chapter 7 or Chapter 13.  Seeking the advice of a qualified bankruptcy attorney is often the best way to decide what chapter of bankruptcy to file. However, if you are searching for a few basic pros and cons related to filing Chapter 7, FindLaw has put them in a nice little box for you to compare.

You can find this on their website at “Pros and Cons of Declaring Bankruptcy under Chapter 7.”  It is a good summary; however, an experienced bankruptcy attorney is your best option when making your final decision about filing bankruptcy.