Many people wonder what is Chapter 7 and Chapter 13 bankruptcy. Before we can go into the specifics, it is important to understand what bankruptcy is exactly. Bankruptcy is a legal status obtained by a court order that declares that a person is incapable of repaying their debts to creditors. Bankruptcy is a serious process …
Category Archives: Bankruptcy tips and tricks
Three Common Bankruptcy FAQs
Did you know that Thomas Jefferson, Ulysses S. Grant, William McKinley, and Abraham Lincoln all filed for bankruptcy? And that in just one financial quarter in 2012, nearly 10,000 people filed for bankruptcy in indiana? Financial problems afflict many Americans, and for some, bankruptcy is the answer. However, bankruptcy takes a serious commitment that must …