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A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor (most common) or on behalf of creditors (less common). All of the debtor's assets are... More »



Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditors. In most jurisdictions, bankruptcy is imposed by a court ...

Bankruptcy | United States Courts


About Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor ...

Furthermore, many future debtors have basic questions regarding the bankruptcy system and process. These questions are often similar or identical from person to person. Most of these questions grow out of misinformation and a lack of knowledge of bankruptcy, which is ... More »

Bankruptcy Basics | United States Courts


Bankruptcy Basics provides general information about federal bankruptcy laws and the bankruptcy process. It is not a guide for filing for bankruptcy.

Bankruptcy - Chapter 7, 13 & 11 - Free Legal Encyclopedia - Nolo.com


Learn about bankruptcy (Chapter 7, Chapter 13, and Chapter 11) for consumers and business owners. Find out how bankruptcy works, what debts are ...

Pros and Cons of Declaring Bankruptcy under Chapter 7 - FindLaw


There's no question that deciding whether to declare bankruptcy is very difficult. It affects your future credit, your reputation and your self-image. It can also.

Bankruptcy - FindLaw


Welcome to FindLaw's Bankruptcy and Debt Center. Here you will find information and resources for resolving debt problems. Learn about the pro's and con's of.

Bankruptcy Definition: What Exactly Is It? - FindLaw


This article will explain the basics of both Chapter 7 and Chapter 13 bankruptcy. Bankruptcy is a generalized term for a federal court procedure that helps ...

Bankruptcy Facts
Bankruptcy is a legal process that provides a means of relief for consumers who have large amounts of debt that they are unable to pay off. There are several different types of bankruptcy and each offers its own benefits and drawbacks. Consumers are... More »
Source: www.ehow.com
Popular Q&A
Q: What Is Bankruptcy?
A: Bankruptcy is also known as insolvency. It is defined as a situation where an individual or a company cannot meet its financial obligations. This may be the res... Read More »
Source: www.ehow.com
Q: What is Bankruptcy?
A: Bankruptcy is a means for people debtors who have a tremendous amount of debt to get out of debt either completely or to be relieved from some portion of it. A ... Read More »
Source: www.ehow.com
Q: What is bankruptcy?
A: Answer Either you or your creditor can file bankruptcy. The amount that bankruptcy proceedings can start, in the UK, is £750. Bankruptcy is a very public proces... Read More »
Source: wiki.answers.com
Q: What is bankruptcy?
A: Either you or your creditor can file bankruptcy. The amount that bankruptcy proceedings can start, in the UK, is £750. Bankruptcy is a very public process and c... Read More »
Source: wiki.answers.com
Q: What Is Open Bankruptcy?
A: An open bankruptcy refers to the time period that exists from when you first file for bankruptcy to when all of your debt is discharged. A bankruptcy becomes cl... Read More »
Source: www.ehow.com