What is bankruptcy?

Bankruptcy is provided for in the United States Constitution. It is a way for honest folks who find themselves in impossible debt situations to cancel (“discharge”) most debts in order to get a fresh start with a clean slate. Bankruptcy requires only that you act honestly and make full disclosure of your assets and debts. It involves no guilt or shame to you; your personal dignity will be in no way compromised by the bankruptcy process.

Category: Bankruptcy FAQ's
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