Find information about bankruptcy laws, including answers to some of the most frequently asked questions. These videos will give you basic information about the process, the relief it offers, and how to find the legal help you may need.

2024年10月28日 · Bankruptcy is a legal proceeding carried out to free individuals or businesses from their debts. Creditors still have an opportunity for repayment with the bankruptcy...

2024年1月12日 · What Is the Bankruptcy Law? Bankruptcy law, a subset of insolvency law, is a legal status of a person or an entity that cannot repay the debts it owes to creditors. This status is often imposed by a court order initiated by the debtor.

2024年10月16日 · Bankruptcy Basics is designed to provide basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of the federal bankruptcy laws.

Bankruptcy is a set of federal laws and rules that can help individuals and businesses who owe more debt than they can pay. Each of the 94 federal judicial districts handles bankruptcy matters, and in almost all districts, bankruptcy cases are filed in the bankruptcy court.

2025年1月15日 · Bankruptcy is a safety net that helps individuals, families, and businesses get back on their feet financially when they are overwhelmed by debt. For many, filing bankruptcy is a natural step after an unexpected event like a job loss, illness, or divorce.

2015年6月4日 · Bankruptcy is a legal process that allows consumers and business entities to eliminate some, or all, of their debts by order of a federal court.

2022年2月3日 · U.S. bankruptcy law has two central aims. First, it seeks to relieve debtors of certain financial obligations they are unable to satisfy by providing them with a “fresh start” from those difficulties. Second, bankruptcy law attempts to …

2023年11月10日 · Bankruptcy is a generalized term for a federal court procedure that helps consumers and businesses get rid of their debts and repay their creditors. If you can prove you are entitled to it, the bankruptcy court will protect you during your bankruptcy proceeding. In general, bankruptcies can be categorized into two types:

The first step is to learn about bankruptcy by reading overview articles explaining what bankruptcy is, the differences between Chapter 7 and Chapter 13 bankruptcy, and how each type of bankruptcy works.