Bankruptcy Information for Consumers
Our Bankruptcy facts have been reviewed and edited by prominent Bankruptcy attorneys. You can be assured you are receiving clear and unbiased information, however, please consult with your attorney before relying on any information. Your specific situation will require recommendations tailored to your needs.
What is Bankruptcy? Consumers file the majority of bankruptcy cases as opposed to businesses. Most consumers file under either Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. About 70% of cases are Chapter 7 bankruptcies filed by consumers.