Consumer bankruptcy petitions were filed by individuals in 2017*
Nearly two thirds of those petitions were filed under Chapter 7†
Hello and welcome to Debt.com’s Bankruptcy Solution Center. Filing for bankruptcy isn’t necessarily a bad final decision. In fact, many times it’s the best way to overcome current financial challenges to get a fresh start. Here you’ll find information on Chapter 7, Chapter 13, and Chapter 11 bankruptcy.
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The below links can help you explore bankruptcy solutions. Whether you need to file for personal bankruptcy or commercial bankruptcy for your business, we have the solutions you need to get ahead. We can also connect you with bankruptcy counseling services – a federally mandated requirement for all personal filings. If you have questions or would like to get started, call us or complete the form to connect with a bankruptcy specialist today.
Spectrum of Bankruptcy Filing Solutions
Also known as “liquidation” bankruptcy, Chapter 7 allows you to make a faster exit in as little as a few months. Most of your assets are liquidated to settle part of your debts in exchange for full discharge. There are also “no asset” Chapter 7 filings if your assets are limited.Explore the Chapter 7 Solution »
This type is also known as “reorganization” bankruptcy, because it entails a reorganization of a business’ debts and assets in a court-ordered restructuring plan. Your business can still operate during the few months up to two years that it takes to complete a Chapter 11 filing.Explore the Chapter 11 Solution »
If you need to enroll in bankruptcy counseling in order to fulfill the requirement for filing, we can connect you with approved counseling providers who can also provide resources to help you file and to recover quickly once your filing is complete.Explore the Bankruptcy Counseling Solution »
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