When to file for bankruptcy Bankruptcy is a legal process that helps you eliminate or restructure overwhelming debt. It comes in two primary forms: Chapter 7 and Chapter 13.

Filing for bankruptcy isn't the only option if you’re having trouble repaying your debt. Before going down this path, consider these alternatives. Get a debt consolidation loan.

There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in dischargeable debt.

When you're deep in debt, declaring bankruptcy might seem like the quickest solution to your problem. But there are consequences associated with filing for bankruptcy that you need to be aware of ...

When you're drowning in debt and the bills seem to just keep piling up, it's tempting to do whatever it takes to bust out of that hole. And in some cases, that could mean filing for bankruptcy ...

Q. I’m trying to avoid bankruptcy. I have a $27,000 in credit card debt and a $5,000 car loan. The credit cards are offering to take a smaller payment and write off the rest.

Q. I have $45,000 in credit card debt and I recently lost my job. I do have funds in retirement accounts that I could take out - with penalty and taxes - to pay these bills while I look for a new job.

Considering filing for bankruptcy? Learn about the downsides, how long it stays on your record and potential impact on your credit.

There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in dischargeable debt.

Before you file for divorce, you'll want to file for bankruptcy. But there are other steps, too.