Bankruptcy News - Personal bankruptcy information provides an overview to bankrutpcy law.
News, statistics, directories of professionals, and information on filing for bankruptcy.

Bankruptcy News - Personal bankruptcy information provides an overview to bankrutpcy law.

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48 It’s Official; We Are Now A Bankrupt Society?

Bankruptcy Petition Drafting Tip 14Training in drafting bankruptcy petitions for bankruptcy legal professionals.There are TWO things you should find out from the attorney (or ask the debtor in the client intake interview) before you start drafting a bankruptcy petition. These two questions are:

Simple Check to Test Your Eligibility for Filling Chapter 7 BankruptcyMost people who file for bankruptcy choose Chapter 7 instead of Chapter 13 because it’s fast, effective, easy to file, and doesn’t require payments over time. But are you eligible to file under chapter 7, check it out here.


Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.

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