What is filing for bankruptcy?

Answer Filing for bankruptcy involves initiating a legal process that helps you eliminate or reduce your debt when you are no longer able to pay it. It is viewed as a last resort because it entails severa... Read More »

Top Q&A For: What is filing for bankruptcy

Can Filing Bankruptcy Prevent a Creditor From Filing a Mechanic's Lien?

A significant benefit of a bankruptcy filing is the automatic stay. The automatic stay is a court injunction that automatically prevents the filing of any liens and lawsuits once the bankruptcy cas... Read More »

What steps should I take before filing bankruptcy?

The decision to file bankruptcy should be made carefully with consideration to the benefits and consequences. If you take action early enough, you may be able to prevent bankruptcy by reining in yo... Read More »

Do It Yourself Bankruptcy Filing in Phoenix?

Bankruptcy is the process by which you are given a fresh start. In Chapter 7 bankruptcy, this is more true. All debts are charged off (some are recouped through the sale of your assets). In Chapter... Read More »

Can I buy a home after filing bankruptcy?

Lenders evaluate debt, employment and credit before approving mortgages. If you have filed for bankruptcy, you might be worried about rebuilding your credit, especially if you want to buy a house. ... Read More »