Bankruptcy FAQ

1. What is “filing bankruptcy”?

Filing bankruptcy is a legal process that is used by a debtor in an effort to obtain relief from the debts they owe to their various creditors. The various steps involved in filing bankruptcy include gathering complete facts and records regarding the debts you owe and other financial matters, hiring a bankruptcy attorney, filing various bankruptcy forms as asked by your bankruptcy lawyer based on the type of bankruptcy you are claiming.

Bankruptcy Insurance

In this fast-paced financial world, plenty of insurance products available will protect you from getting into the deep mire of financial trouble that may lead you to the unpleasant path of bankruptcy. Some of the insurance companies offer specialized bankruptcy insurance policies. Such insurance policies will shield you and your business against the bankruptcy risks.