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Filing Bankruptcy Should Be Last Choice If Possible

Bankruptcy is a federal court process that allows people to eliminate their debts and be protected by the bankruptcy courts. There are two main types of bankruptcy, they are, chapter 7 and chapter 13. Although there are other ‘chapters’ most people do not qualify for these types of bankruptcy proceedings. Chapter 7 and 13, both .. read more

Bankruptcy filings reflect a weak economy

– 9 percent jump in bankruptcy filing in last month of data. Bankruptcy map shows Nevada and South have highest filing rates per capita. $79,000 income and $11 million in debt? Bankruptcies are still plaguing this country and show deeper strain in the fabric of the economy.  Average Americans are still very much dealing with .. read more

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