Individuals filing for bankruptcy in the United States have two options: Chapter 7 bankruptcy or Chapter 13 bankruptcy. Chapter 7 is likely the first thing that comes to mind when people think of bankruptcy. This process involves liquidating personal assets...

Before talking to a bankruptcy attorney, it is important that you know what your options are. Filing for bankruptcy can be an extremely confusing process, and it will benefit both the client and the lawyer if there is no miscommunication...

Many Americans face the decision to borrow enormous amounts of money from lenders to complete their higher education goals. The decision becomes tough once graduation hits, and the borrower must begin paying that debt back. For most, this is an...

When people are struggling with too much debt, they may find themselves wondering how Chapter 7 bankruptcy works. This type of bankruptcy is one of the most common. It allows individuals to liquidate their assets in order to pay off...

Chapter 7 bankruptcy is a type of bankruptcy that requires you to repay some of your debts over time. This type of bankruptcy allows people to keep all their property, including any car, home or other valuables. Chapter 7 bankruptcy...

Although you may feel you are drowning in a sea of debt, there are viable methods for returning to shore and resuming your life—with a more manageable debt repayment plan. For individuals who receive a substantial income and want to...

What is Chapter 11 bankruptcy? Essentially, when a business does not qualify for Chapter 7 and 13, they must file for Chapter 11 bankruptcy, which is a type of bankruptcy specific only to businesses and corporations. Luckily, Chapter 11 has...

Out of all types of bankruptcy, Chapter 7 may be the preferred approach, as it is the easiest to navigate. When an individual or business makes the difficult decision of filing for bankruptcy, they are attempting to erase debts by...

The word bankruptcy is often associated with failure, but in the United States, bankruptcy can be a tool for success. Bankruptcy is when someone or some business cannot pay their debts owed to creditors. This may offer relief from debt...