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...
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 ...
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
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 provides general information about federal bankruptcy laws
and the bankruptcy process. It is not a guide for filing for bankruptcy.
Learn about bankruptcy (Chapter 7, Chapter 13, and Chapter 11) for consumers
and business owners. Find out how bankruptcy works, what debts are ...
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.
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
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 ...