There are numerous different types of bankruptcy filings, known as chapters. The most common for consumers are Chapter 7 and Chapter 13. Both of these can address outstanding debt issues, but they do so in many different ways, so it’s important to know how they work....
You may have filed for Chapter 7 or Chapter 13 bankruptcy in the past. Bankruptcy may have helped you manage your overwhelming medical debts, credit card debt or personal loans. It is very easy, however, to regain debt. You may have another financial obligation after...
People struggling with insurmountable debt can file for bankruptcy. Personal bankruptcy can end collection activity temporarily and even help people protect their assets from creditor lawsuits. The filer receives an automatic stay that ends collection activity when...
When you have tried everything else to get out of debt but have failed, filing for bankruptcy may be your best option. Bankruptcy is a legal way out of debt and a new start for those who can't pay their debts. It also provides a much-needed respite from a stressful...
