The debts and income an individual or company has will determine what type of bankruptcy they are eligible to file for. Bankruptcy is usually seen as such an extreme situation, mostly associated with ...

With eight years of experience as a financial journalist and editor and a degree in economics, Elizabeth Aldrich has worked on thousands of articles within the realm of banking, economics, credit ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...

Income limits vary by bankruptcy type, state, and household size, but they're typically higher than people expect.

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Bankruptcy is a legal process to restructure or forgive debt to help economic recovery. Individuals and businesses must consider other debt management options before filing. Choosing the correct type ...