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Posts tagged with: Reasons for Filing Bankruptcy

What is Bankruptcy?

What is Bankruptcy? Bankruptcy is a form of debt relief provided under title 11 of the U.S. Code. There are two forms of consumer bankruptcy including chapter 7 and chapter 13. Chapter 7 is a liquidation bankruptcy. There is no...

Top Five Reasons People File Bankruptcy

The Top 5 Reasons To File Bankruptcy   1. Stop a Wage Garnishment. Wage garnishment hinders the person’s ability to pay their regular monthly bills, such as rent and car payments. 2. Get a Fresh Start. The person may begin...