Bankruptcy
If you’re in financial crisis, the single most important thing is that you take action: educate yourself, make a plan, and follow through. Financial problems don’t go away on their own and wishful thinking won’t make next month better than this one.
For many people who find themselves in a financial bind that just keeps getting worse, the U.S. Bankruptcy Code holds the key to getting back on their feet. But there’s no one right answer for everyone.
Many of the United States Bankruptcy Laws are designed to provide a debtor (the party who is seeking relief from the U.S. Bankruptcy Court) with a “fresh start.” Whether it’s a business that is reorganizing under Chapter 11 of the U.S. Bankruptcy Code, an individual who is seeking approval of a plan through which to pay his/her debts, or an individual who is proceeding with a “regular” bankruptcy, the U.S. Bankruptcy Laws are designed to provide relief from stifling debt and allow the debtor to “start over.”
Tags：Business Law