What exactly is bankruptcy? Will it wipe out all my debts?
A proceeding in a federal court in which an insolvent debtor's assets are liquidated and the debtor is relieved of further liability. Read More
What is the difference between secured and unsecured debt?
Secured debt are obligations protected by collateral or real property. Read More
Who can file bankruptcy?
Any person or business can file for bankruptcy. There is no minimum amount of debt required. Read More
How often can you file?
You can file bankruptcy as many times as you wish, but your debts can only be discharged every 8 years. Read More
What is a joint petition?
A joint petition is the filing of a single petition by an individual and the individual's spouse. Read More
What can I keep if I file bankruptcy?
It varies from state to state, and will also depend on how long someone has lived in the state that their bankruptcy case was filed in. Read More |