Chapter 7

The decision to file bankruptcy is a difficult one. For many individuals, it can feel as if they’ve decided to do something bad or even criminal. There may be feelings of guilt or failure. It doesn’t help matters that bankruptcy can damage one’s credit score....

Despite the economic downturn, recently a rather surprising statistic was announced, June ended with a decline in bankruptcy filings. This dip is welcomed news after a long stretch of the same old depressing economic downward spiral. The drop in filed bankruptcies was...