What is bankruptcy? Bankruptcy is a legal procedure in which people who cannot pay their bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court. According to Tripp Finley, Esq.. Diamond McCarthy Law firm, bankruptcy can make it […]
What is Chapter 7 bankruptcy? Chapter 7 is the most common chapter the provisions of bankruptcy in the United States. Chapter 7 bankruptcy is a liquidation, or directly the bankruptcy, and it is used by people (other chapters are for companies, farmers, etc.). The Pros and Cons Of Bankruptcy The Pros and Cons Of Bankruptcy: […]
