What Is Voluntary Bankruptcy?

Answer Voluntary bankruptcy is when a debtor finds that his debts are too great to repay and so seeks to legally declare that he is no longer able to pay them. When there seems to be no other solution to ... Read More »

Top Q&A For: What Is Voluntary Bankruptcy

How to File for Bankruptcy for a Voluntary Repossession?

Some debtors believe that if they voluntarily give up possession of financed property, they are no longer responsible for the debt. While relinquishing secured property back to the lender can lesse... Read More »

Voluntary Petition for Chapter 11 Bankruptcy?

Chapter 11 allows self-employed people and business owners to partially repay personal and company debts through local divisions of the United States Bankruptcy Court. Most Chapter 11 filers seek h... Read More »

What is a voluntary dismissal?

In the judicial tort system, the victims have the right to withdraw themselves from a case. This is called a voluntary dismissal. The process is not as easy as throwing up your hands in court and s... Read More »

What is voluntary repossession?

If you find yourself financially unable to make your car payments, you can expect that your lender will attempt to recover the car through repossession. You may opt to allow the lender who gave you... Read More »