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. A debtor (a person or business who owes money to others) may choose to file a bankruptcy proceeding, and use a bankruptcy attorney or lawyer to resolve a hopeless financial situation, or to stave off the collection of debts for a period of time to allow for financial reorganization. Consumers and 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 bankruptcy attorney, bankruptcy lawyer, or learn more about personal bankruptcy.
Find a Bankruptcy attorney in your area.
Articles
