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Is Bankruptcy Right for You?

Deciding whether bankruptcy is the best choice for your personal situation, is not an easy decision to make. Individuals seek bankruptcy relief for a number of reasons. As you consider filing for bankruptcy, ask yourself the following questions: Are you receiving threatening notices from your creditors? Are you on the verge of foreclosure? Have you…

What is Bankruptcy?

Bankruptcy is the relief granted by law to debtors – individuals and businesses alike – when their assets exceed their liabilities or otherwise, have difficulty in paying creditors when due. There are many types of bankruptcy proceedings, each having its own purposes, advantages and limitations. The following are the most common bankruptcy chapters used by…