Understanding How Bankruptcy Works

Understanding How Bankruptcy Works

Bankruptcy is a legal option that can help you alleviate some of your debt. Are you in a situation where you have lost your job, going through a divorce or have accumulated medical bills? If so, you need to understand how bankruptcy works. You need to begin the...
What Is Involuntary Bankruptcy?

What Is Involuntary Bankruptcy?

Some debtors want to know what is involuntary bankruptcy when they are faced with this legal process. This process occurs when an individual or a business has not paid their debts to creditors. The creditors then file a request that the debtor should declare...
What Are The Steps To Filing Bankruptcy?

What Are The Steps To Filing Bankruptcy?

When you are ready to declare bankruptcy, there are several steps to filing bankruptcy that you should complete. These steps will put the “wheels in motion”, and you will be able to finalize the process and improve your financial situation. The following list of steps...
Can You File Credit Card Bankruptcy?

Can You File Credit Card Bankruptcy?

Most people receive credit card offers every day in the mail, or so it seems. Many credit card companies offer very tempting incentives and deals to try and get consumers to apply for their cards. Even some retailers will offer customers a discount if they fill out a...
How Long Does Bankruptcy Take?

How Long Does Bankruptcy Take?

Many otherwise financially responsible people have filed bankruptcy due to a loss of employment or a decrease in pay. When these situations occur, there is often little to no alternative sources of funding. One of the first questions most people ask when they are...