Select Page
When should you file for bankruptcy?

When should you file for bankruptcy?

Before deciding to file for bankruptcy, it’s important to consider all your options. However, there are times when bankruptcy may be the best solution. For instance, you may want to file for bankruptcy if: Attempts to negotiate with creditors haven’t worked Your debt...
Who should file for bankruptcy?

Who should file for bankruptcy?

Bankruptcy makes sense for people and businesses who have significantly more debt than money and who don’t anticipate the situation changing in the near future. Additionally, sometimes people will file for bankruptcy when they need to restructure the terms of their...
What Are The Types of Bankruptcy?

What Are The Types of Bankruptcy?

There are six types of bankruptcy that address different situations and needs. These include: Chapter 7 Chapter 7 is the most common form of bankruptcy for individuals. It’s sometimes also referred to as liquidation or straight bankruptcy. Chapter 7 bankruptcy helps...
5 steps to file for bankruptcy

5 steps to file for bankruptcy

Here are the five steps for filing bankruptcy. 1. Compile all of your financial records Before filing for bankruptcy, you’ll want to gather all your financial records, including your debts, assets, income, and expenses. This information will give you, anyone assisting...