Unsecured debt is a loan that is not backed by an asset. Bankruptcy is the legal process of discharging your debts when you are unable to repay

In 2010, more than 1.5 million people filed for personal bankruptcy. It may be the best option for people who are looking for a fresh financial

Secured debt is any loan that you take out that is secured by some form of collateral. In contrast, unsecured debt is not backed by

Generally, if you complete the credit counseling requirements, submit all of the necessary paperwork, and can satisfy the means test, you will be able to

If you’re under financial stress, it’s important to remember you’re not alone. Every year, more than a million Americans file for bankruptcy in order to

For many people, bankruptcy might sound like an ominous concept. In many cases, however, it is often the last recourse for a debtor who is

Pursuant to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), all individual debtors looking to file bankruptcy must complete credit counseling before filing bankruptcy

When debt threatens to overwhelm you, you should be aware that there is a way out. If you are facing overwhelming debt, bankruptcy is a