So, when does bankruptcy make sense? Consider filing if: However, bankruptcy has serious downsides. A Chapter 7 bankruptcy remains on your credit report for 10 years, while Chapter 13 stays for ...

The two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13, each with its own eligibility ... When you file for bankruptcy, you formally declare your inability to pay ...

Available through both non-profit and for-profit organizations, credit counselors help assess your financial situation ... as a practical step before filing bankruptcy. Bankruptcy is a serious ...

That's where filing for bankruptcy comes in. Bankruptcy can offer a potential solution to overwhelming amounts of debt, but will your collections debt actually go away if you file? Or should you ...