Posted By Natasha Meruelo, Esq.
What is Bankruptcy? Bankruptcy is a legal process in which you ask the Bankruptcy Court to grant you relief from your debts. In order to obtain a discharge of your debts, you need to honest and truthful about what assets you own or may have owned but no longer own, what debts you owe, your income and expenses and what your past financial dealings have been like. There are several types of ...