The positive and negative consequence of personal bankruptcy

A personal bankruptcy is a very common thing nowadays and still it is surrounded by myths and fears that many cannot overcome. Surely, debt relief inevitably brings consequences that are both negative and positive. Contrary to common belief bankruptcy is not “the end of life”; in fact – it’s sooner a beginning of life freeContinue reading

All about Chapter 9 bankruptcy

Chapter 9 bankruptcy stands out of a crowd as it is designed only for municipalities. If the certain municipality faces financial hardship and is unable to meet its obligations, such municipality may file for bankruptcy under the Chapter 9. The reason for filing for bankruptcy is to become protected from the municipality’s creditors and theirContinue reading