What You Need to Know About Declaring Bankruptcy

What Is Bankruptcy? For starters, bankruptcy is a legal proceeding that occurs when an individual or organization is no longer able to repay debts owed. During bankruptcy, a debtor’s assets are numbered, evaluated, and may be used to help repay the debt. Typically, bankruptcy benefits both the debtor and creditor because the creditor can obtain [...]

By | 2021-01-11T17:32:12+00:00 November 11th, 2020|Bankruptcy|0 Comments