Filing for bankruptcy can provide serious relief from your mounting debt, but there are a few things to know first.

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to ...

Chapter 13 bankruptcy allows debtors to reorganize their debts. This type of bankruptcy is "designed for debtors with regular income who can pay back at least a portion of their debts through a ...

Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing collection actions against you, including phone calls, wage garnishments and ...

Chapter 11 plans contain various releases – some in favor of the debtor and some in favor of certain nondebtor third parties.

The two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with its own eligibility criteria and debt repayment structure. Bankruptcy is governed by federal law and ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or cash advances made shortly before filing may be nondischargeable. Additionally ...

Understanding your role and how it fits within the broader bankruptcy landscape can make it easier to navigate the process.

Of the six types of bankruptcy, Chapter 7 is for the most drastic debts. You can think of Chapter 7 bankruptcy like losing at Monopoly, where all your properties go to the player you owe money to ...

There are a handful of different types, and they each treat the outstanding debt differently. Individuals most commonly file for Chapter 7 or Chapter 13 bankruptcy. Often referred to as ...