Foreclosures and bankruptcies typically take place independently. While the former refers to the mechanism that lenders use to recover their dues upon default, the latter gives debtors means to eliminate their debts. In some instances, filing for bankruptcy can help...
Chapter 7 bankruptcy – also referred to as liquidation bankruptcy – gives debtors the ability to clear different types of unsecured debts. If you are struggling to make repayments, if your finances seem out of control, or if collectors are calling you persistently,...
