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Advertisements Promising Debt Relief May Be Offering BankruptcyUrges consumers to use caution when reading ads pitching debt relief. Lists what to look out for, and offers tips if you're having trouble paying your bills.
If you or someone you know is in financial hot water, consider these options: realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy. Tips on getting back in the black.
Bankruptcy Chapter 7 and 13 Frequently Asked Questions
What Bankruptcy Can and Cannot Do Nolo Bankruptcy is good at wiping out credit card debt, but you may have trouble eliminating some other kinds of debts, including child support, alimony, most tax debts, student loans, and secured debts.
Bankruptcy law allows a debtor to develop a plan to resolve debts by dividing assets among creditors. It treats all creditors equally and some bankruptcy filings can allow a business to stay afloat and continue to generate revenue while resolving debts.
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