A legal status of a person or organization that cannot repay the debts owed to creditors.
There are several bankruptcy options. The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13. As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases.
Need a fresh start and considering bankruptcy?
Do you need legal representation regarding Foreclosure Defense, Strategic Default, Mortgage Modification or Short Sales?
Contact Dennis L. Abraham, J.D., for a free bankruptcy consultation to discuss your particular situation.