What is Bankruptcy?
Bankruptcy filing is the legal process in which outstanding financial liabilities of an individual or an organization are discharged through debt relief.
This debt relief acts as a financial cushion for debtors who have failed to repay their debts. Filing for bankruptcy is a common phenomenon, contrary to a common misconception associated with it.
According to statistics, 149,077 people filed for bankruptcy in 2022 in the USA. Widespread misconceptions about declaring bankruptcy have made it an undesirable option. [Read more…] about Bankruptcy Lawyer: Your Guide to Overcome Financial Difficulties