So, if you're contemplating filing for bankruptcy this May, make sure to ask yourself a few key questions first. Find out what debt relief options you should consider now . 5 questions to ask ...

By the time the average person is ready to declare bankruptcy, they've probably done everything they can to deal with a looming financial crisis. Often unexpected life events and crises lead to ...

Personal bankruptcies are up double digits in Cook County and nationwide as delinquencies rise and pandemic-era protections ...

When to file When you should file for bankruptcy. Filing for bankruptcy is a big decision and shouldn’t be taken lightly. Before you go down this path, exhaust all other options first.

They may find that you've tried to hide assets while filing or filed for bankruptcy in bad faith. The courts may also reject your Chapter 7 bankruptcy petition if you don't pass the means test.

Chapter 7 and Chapter 13 bankruptcy are common options for individuals with unmanageable debt. Bankruptcy may be the right choice if you’re facing overwhelming debt, frequent creditor calls or ...

The latter is used for, but a bad idea, to pay for one's bankruptcy. "In 7, you have to pay for your bankruptcy upfront. In Chapter 13 you pay your attorney in that 3- to 5-year plan," said Lawless.

The most common types of bankruptcy that individuals file are Chapter 7 and Chapter 13. There are some alternatives to filing bankruptcy, like working with a nonprofit credit counseling agency or ...

Filing for bankruptcy can often devastate your credit score but using unsecured credit cards can help you start rebuilding positive credit habits. 4 Best Credit Cards After Bankruptcy of 2025 ...