Is Bankruptcy Bad or Good?

Answer Bankruptcy gives borrowers in serious financial trouble an option to reset their situation and make a fresh start. Although the bankruptcy process is a very serious matter that leaves lasting effec... Read More »

Top Q&A For: Is Bankruptcy Bad or Good

Good Reasons for Bankruptcy?

People have numerous reasons for creating debt problems leading to bankruptcy. Many of the causes seem out of the control of the person in debt, while other reasons are simply mismanagement of mone... Read More »

Is Chapter 11 bankruptcy good or bad?

On One Hand: You could continue to run your business.To recover from crippling debt, a business may file for Chapter 11 bankruptcy. Chapter 11 bankruptcy allows a business to reorganize in an attem... Read More »

Good Reasons to File Bankruptcy?

Being in debt can quickly become a seemingly hopeless situation, especially if you suddenly find yourself unemployed or unable to work due to illness. There are a number of options for dealing with... Read More »

How long is credit counseling good for in a bankruptcy?

The credit counseling program can be taken up to six months prior to filing the bankruptcy paperwork with the court. The debtor education program must be taken after the bankruptcy has been filed b... Read More »