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Bankruptcy Basics
Bankruptcy is a court-based process that is meant to give people a financial "fresh start" from burdensome debts. Once the bankruptcy process is complete, the filer is typically released from personal liability for most debts. Get more introductory information on bankruptcy by choosing a link from the list below.
FAQs
- A bankruptcy filing could remain on my credit record for up to 12 years. How will that affect my future finances?
- What about if I file under Chapter 13-how can I keep my home then?
- When should I consider bankruptcy as an option?
- I am going to declare bankruptcy. What are the chances I can keep my home?
- What are my chances of getting credit after declaring bankruptcy?
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