It\u2019s always good to pay your debts, if you can keep up with them. But if your debt is simply overwhelming, it may be time to file for bankruptcy.<\/p>\n
These days the main trigger for someone filing for bankruptcy is that they have lost their job. There are other reasons which may lead to bankruptcy, such as health issues, divorce, death, poor business decisions, a bad economy, foreclosure and following bad advice. No matter what the reasons are that lead someone to file, the process for bankruptcy remains much the same for everyone. The differences lie in the circumstances that caused them to file, what Chapter they choose to file under or which one they are qualified to file under.<\/p>\n
The common definition of being legally bankrupt is when an individual\u2019s pay check does not cover all of their living expenses, allow them to pay interest on loans, or pay down the principal (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s always good to pay your debts, if you can keep up with them. But if your debt is simply overwhelming, it may be time to file for bankruptcy. These days the main trigger for someone filing for bankruptcy is…<\/span><\/p>\n