Bankruptcy can get ... and you want to pay your creditors yourself over time rather than risk losing your asset to a Chapter 7 trustee to liquidate. You might also file Chapter 13 if you owe ...

Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing collection actions against you, including phone calls, wage garnishments and ...

If you're planning to file for bankruptcy, it's important to understand the minimum debt requirements beforehand.