Bankruptcy is a legal process that can eliminate unsecured debt or establish a repayment plan for a portion or all of a consumer's debts. Bankruptcy is serious and should only be used as a last resort ...

Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts have ...

Most non-bankruptcy lawyers are intimidated by the bankruptcy process. References to Bankruptcy Code sections as a shorthand for describing issues and solutions can cause confusion and anxiety; the ...

Who can qualify for bankruptcy and what should you expect once you've filed for it? The answer varies case by case, says personal finance expert Farnoosh Torabi. Chapter 7 and Chapter 13 bankruptcies ...

It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The questions usually involve either selling a vehicle to someone ...

Personal bankruptcy generally is considered the debt management tool of last resort because the results are long-lasting and far-reaching. A bankruptcy stays on your credit report for 10 years, making ...

American families are now going bankrupt at the rate of 22,000 a week. It is quickly becoming a part of American life. So far this year nearly three-quarters of a million individuals and families have ...