Bankruptcy - Business Person holding an empty wallet

Five Main Reasons for Bankruptcy and How to Avoid Them

Personal bankruptcy in the United States is governed by federal law. The most common type of personal bankruptcy is Chapter 7 bankruptcy, which involves liquidating assets to pay off creditors. Chapter 13 bankruptcy, on the other hand, allows individuals to reorganize their debts and repay them over time. Bankruptcy can be a difficult decision to […]

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