Main Menu

HoganWillig Blog

By Paul Pochepan on December 18, 2018

Q: What is Bankruptcy?                     

A: Bankruptcy is a process whereby a debtor can eliminate a significant portion of their total debt while retaining most if not all of their property. It was designed as a debt relief option for people who are having severe financial difficulties. It’s an option for people needing a fresh start financially.

Q: Who can apply?

A: An individual, spouses together, or a corporation or other entity. There are many different types of bankruptcy.

RSS RSS Feed

Categories

Back to Page