Anyone can find themselves in a financial crisis, whether it's caused by a job loss, medical bills, or simply overspending. Bankruptcy can be a useful tool for people struggling to pay off their debts and looking to start fresh. However, bankruptcy can be confusing and overwhelming for many people.
What Is Bankruptcy?
Bankruptcy is a legal process through which individuals or businesses who are unable to repay their debts can get relief from some or all of their debts.