Bankruptcy is designed for people caught in severe financial circumstances beyond their control such as illness or loss of a job. It gives people with excessive debt an opportunity to make a fresh start by reducing or eliminating the debt. While some debts will be eliminated, others such as alimony and child support, will not be discharged.
Bankruptcy is designed for people caught in severe financial circumstances beyond their control such as illness or loss of a job. It gives people with excessive debt an opportunity to make a fresh start by reducing or eliminating the debt. While some debts will be eliminated, others such as alimony and child support, will not be discharged.
In Chapter 13 bankruptcy, you and your attorney will work to prove your eligibility for a debt reorganization to a bankruptcy trustee, who administers the proceedings.
NERDWALLET.COM
What Is Bankruptcy? - NerdWallet
Three people explain what led them to file for bankruptcy and how it affected their lives.
FASTCOMPANY.COM
I filed for bankruptcy, and it was the best decision I made
If you're thinking about filing for bankruptcy, here's a look at what will happen to your bank accounts, retirement accounts such as your Roth IRA, and other finances.
FOOL.COM
What Happens to Your Financial Accounts in Bankruptcy? -- The Motley Fool
A strong federal law, the Fair Debt Collection Practices Act, protects consumers against certain unfair collection practices. http://bit.ly/30uFj2N
BLOG.CREDIT.COM
Ways A Debt Collector May Be Breaking the Law
