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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121 Navigating the New Bankruptcy Laws

What You Need To Know Before Filing For BankruptcyBankruptcy often seems like an easy way out of a stressful debt situation, but there is more to it than it first seems. Find out some of the disadvantages of declaring bankruptcy, as well as how to determine if it is the best solution.

Getting Help with a Viable Bankruptcy AlternativeA young person can suddenly find himself caught in a financial situation that is difficult to handle these days. Young student can find it hard to resist temptation when credit card companies are passing credit cards out like candy on campuses all over the country. They can easily rationalize that they need a credit card for emergencies.

How to Get a Home Loan if You’ve Been BankruptedOkay, so you’ve heard the dreaded ‘B’ word or maybe you’re living it now? Chances are you have heard all of the talk about bankruptcy and finance, and you probably believe that if you are or have been bankrupted, you have no hope on earth of getting a mortgage, let alone any finance at all. You can be forgiven for believing this, because many mortgage brokers will run the other way if you approach them saying, “Help me get a loan, I am/have been bankrupt!” The good news is that if you have been bankrupted - even if you are currently bankrupt right now - you can get a home loan!


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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