Are You in Dire Financial Straits? Filing for Bankruptcy May Be Wise

Written by News Channel 2 on December 4th, 2013. Posted in Can i file for bankruptcy, Chapter 11 bankruptcy code, Information on bankruptcy

File for bankruptcy online

Are you worried about your current financial situation? If you are concerned that it is no longer tenable and that you may no longer be able to pay your bills and creditors and do so in a way that is sustainable over the long-term, you may want to consider filing for personal bankruptcy.

If this is the case, the first thing you’ll want to find out is who can file for bankruptcy and whether or not you are eligible. This means familiarizing yourself with Federal Bankruptcy Rules, which determine how bankruptcy proceedings occur and what the stipulations are when you file. For example, if you as an individual who has “secured debt” that is in the amount of $1,081,400 or less, you may be eligible to file under