How To Declare Bankruptcy

Petition to file for BANKRUPTCY

Bankruptcy is the legal status of an individual or an entity, in which they are not able to pay the debts that they owe to creditors. Although bankruptcy is declared by court orders, it is an individual who initiates the process. In the United States, bankruptcy cases are handled by the federal courts. Such cases […]

Posted in Bankruptcy

When to declare bankruptcy

bankruptcy

Being declared bankrupt may be the last thing that you would want. However, it may be better to be in this situation to be able to salvage your financial condition. When you find yourself unable to pay off your creditors and when you are barely making enough money to cover monthly expenses, declaring bankruptcy may […]

Posted in Bankruptcy, Our Blog