Both Chapter 7 and Chapter 13 bankruptcy are considered an easy way out of debt.

Question

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Chapter 7 and Chapter 13 bankruptcy are legal processes that can provide relief from debt, but they come with significant consequences, such as impacting credit scores and public records, and not all debts may be discharged. They are not considered an "easy way out" due to these long-term financial impacts and the complex legal process involved.

Both Chapter 7 and Chapter 13 Bankruptcy Are Considered an Easy