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en.wikipedia.org/wiki/Personal_bankruptcy

Personal bankruptcy law allows, in certain jurisdictions, an individual to be declared bankrupt. Virtually every country with a modern legal system features some form of debt relief for individuals. Personal bankruptcy is distinguished from corporate bankruptcy.

www.thebalance.com/basic-types-of-personal-bankruptcy-960606

Under the U.S. Constitution, you have the ability to relieve all or part of your debts when you can no longer meet your obligations to creditors and lenders. Two major types of personal bankruptcy apply to consumers. Chapter 7 bankruptcy allows debtors to discharge all or part of their debt. In Chapter 13 bankruptcy, debtors ...

www.debt.org/bankruptcy

Federal student loans; Alimony and child support; Debts that arise after bankruptcy is filed; Some debts incurred in the six months prior to filing bankruptcy; Taxes; Loans obtained fraudulently; Debts from personal injury while driving intoxicated. It also does not protect those who co-signed your debts. Your co-signer agreed ...

www.lawyers.com/legal-info/bankruptcy/consumer-bankruptcy/what-is-personal-bankruptcy.html

Personal bankruptcy—unlike a business bankruptcy—allows an individual or married couple to get out from under burdensome consumer debt incurred for family, household, or personal purposes. Both Chapter 7 and Chapter 13 bankruptcy are personal bankruptcy chapters that effectively provide individuals with a fresh ...

www.totalbankruptcy.com/overview/faq/personal-bankruptcy-requirements.aspx

Established by federal law, requirements for personal bankruptcy are designed to reserve bankruptcy for people who truly need debt relief the most. If you are struggling with debt, you may qualify for some form of bankruptcy. There are two main types of personal bankruptcy, Chapter 7 and Chapter 13. As a general rule,  ...

www.dummies.com/personal-finance/credit/bankruptcy/filing-for-personal-bankruptcy-as-chapter-7-or-chapter-13

So, they provided for bankruptcy in the U.S. Constitution. Personal bankruptcies are covered mainly under two parts of the U.S. Bankruptcy Code: Chapter 7 liquidation: Chapter 7, commonly referred to as straight bankruptcy, is often what people mean or think of when they use or hear the term generically. In its simplest form ...

www.nbcnews.com/id/27684203/ns/business-personal_finance/t/personal-bankruptcy-what-you-should-know

Nov 12, 2008 ... If mounting credit card bills are threatening to pull you under, you may be considering bankruptcy as a way to hit the restart button.

bankruptcy.findlaw.com/chapter-7/pros-and-cons-of-declaring-bankruptcy-under-chapter-7.html

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 improve your short-term quality of life considerably, as the calls and letters stop. Here is a list of pros and cons to consider as you decide whether Chapter 7 bankruptcy is ...

www.consumer.ftc.gov/articles/0224-filing-bankruptcy-what-know

A pre-bankruptcy counseling session with an approved credit counseling organization should include an evaluation of your personal financial situation, a discussion of alternatives to bankruptcy, and a personal budget plan. A typical counseling session should last about 60 to 90 minutes, and can take place in person, on ...