Personal Bankruptcy is a proceeding in which a court administers the estate (the property and other assets) of a debtor for the benefit of creditors.
Consumers or businesses may file for bankruptcy. In some cases, a creditor, a person or business that is owed money, may force the filing of a personal bankruptcy proceeding, although these "involuntary" personal bankruptcy proceedings are very rare. Please read on to find a bankruptcy attorney, bankruptcy lawyer, or to learn more about personal bankruptcy.
Note that personal bankruptcy has lasting effects on your financial history for years after you file. You may be turned down for loans, get loans at higher interest rates and more. Bankruptcy should be a last resort to resolve your financial issues.
Find a Bankruptcy attorney in your area.