What Are The Leading Causes Of Bankruptcy?

Most Common Causes of Bankruptcy Personal bankruptcy filings in the United States have risen. A look at the last two years of data will help shed some light on the most common causes of bankruptcy. Many feel confident they already know what the largest root cause is for personal bankruptcy, but the real causes are … Continue reading What Are The Leading Causes Of Bankruptcy?

Am I Eligible to Declare Bankruptcy?

As the American economy has recently waned, a lot of undue financial stress has been placed on American families. Our national debt is only increasing, and the average amount owed per capita is rising as well. If you are feeling burdened by debt you may be asking yourself, “Do I qualify for bankruptcy?” The answer … Continue reading Am I Eligible to Declare Bankruptcy?

What Is Chapter 7 Bankruptcy?

In Chapter 7 bankruptcy, a bankruptcy trustee erases several (or all) of your debts. During this time the trustee may also sell or liquidate some of your property to repay your creditors and debt. Chapter 7 bankruptcy is the liquidation via sale of the debtor’s nonexempt property (these normally include items of value that are … Continue reading What Is Chapter 7 Bankruptcy?