ashley. asked: I recently found out that when I was about 5, my parents had to file for bankruptcy. My parents are now divorced. Since I am only 15, I don’t fully understand the concept of bankruptcy. What are the consequences of filing for bankruptcy? What are the benefits? And, What are the benefits of [...]
jacksmom asked: Not so sure if we’re actually going to have to file for bankruptcy or not, but my husband and I have talked about it before. I know vaguely what it is, and vaguely what it will do, but I’m not clear on all the details. Anyone care to enlighten me?Content for WordPress
just_wondering asked: Wondering how bankruptcy works if you are married. Say if one has awful credit, and the other has really good credit. The one needs to file for bankruptcy. Will the bankruptcy affect the other spouse? Or can the one do it alone without affecting the spouse at all? Any info or sites to [...]
canionboyd asked: My family, along with their company, is being sued for nearly $2M. We, along with the company, will have to file for bankruptcy. Does bankruptcy protect some of our cash to live on, and what assets do courts typically expect to be sold off to pay the lawsuit assuming all other [...]