Bankruptcy discharge refers to the legal process that absolves a debtor from the responsibility of paying certain debts, providing them with a fresh financial start. The exact process varies depending ...

Bankruptcy exemptions determine what property you can keep, so knowing these limits is crucial before you file.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. A debt discharge doesn't happen randomly, either, and it doesn't apply ...

That the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living for herself and her dependents if forced to repay the loans; That additional circumstances exist ...

In a typical consumer bankruptcy, a debtor seeks the benefit of two concepts. First, the debtor seeks the breathing room afforded that debtor by the automatic stay. Second, the debtor seeks to ...

Life led Elizabeth Hadzic and Kim Coles to bankruptcy court. Hadzic, 50, a psychotherapist in Maryland, doesn’t make enough to support herself and her adult son, whose health struggles set her back ...