What Is Chapter 7 Bankruptcy? Chapter 7 is a liquidation bankruptcy — but don’t let that word scare you. For most people who file, it means something much simpler: your debts get wiped out, and you keep everything you own. Here’s how it works. Chapter 7 eliminates your dischargeable debts (credit cards, medical bills, personalContinue reading “What is Chapter 7”
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Best Reasons to File Bankruptcy
Bankruptcy gets a bad rap in the press. Always has. Always will. But there are some good reasons to file bankruptcy. Critics would have you believe that people who file bankruptcy intentionally max out their credit cards on luxury items, then file bankruptcy so they don’t have to pay anything back. While that undoubtedly occursContinue reading “Best Reasons to File Bankruptcy”