Bankruptcy

Filing for bankruptcy can grant you some much-needed reprieve when debts and payment obligations become too overwhelming for you to handle. There are different types of bankruptcy, but each serves to provide time during which you can get back on your feet without...

Chapter 7 bankruptcy is a last resort that gives individuals and families a second chance at catching up on overwhelming bills and debts. Sometimes known as "liquidation bankruptcy," Chapter 7 discharges your unsecured debts and puts a stay on required payments while...

From unexpected medical bills to divorce or losing a job, you may get to the point where bankruptcy provides the best solution. According to the United States Courts, 399,269 people filed for bankruptcy in 2021. As you go through the process, you find yourself wanting...

When personal debts become impossible to manage, filing for bankruptcy might be your only choice for getting your finances under control again. There are multiple types of bankruptcy filing options, but Chapter 13 bankruptcy is often the best path for individuals who...

If you are thinking of filing for bankruptcy, you might wonder whether your spouse also needs to file and what impact it could have on their finances. Being married does not mean you must file together, and there are several situations where you or your spouse might...

Preparing to go through bankruptcy can be fraught with challenges. And while you may experience multiple emotions about the process, it is essential to begin to get your financial and legal documents ready for your attorney. The following is a summary of what you may...

Financial setbacks can happen to anyone. While some people can recover from them quickly, others have difficulty managing the debts they incur from them. If you are struggling to pay off past-due bills, you may feel ready to file bankruptcy. Yet, you may not know...