If you have been struggling paying your debts, got no other source of income to pay off them within a reasonable time, then you might consider the idea of filing for bankruptcy. Before, you do you need to know basic things about it. Read on. What is Bankruptcy? Bankruptcy is a type of insolvency wherein a person have himself declared as bankrupt by the court. There are two types of bankruptcy under the law. There is the Chapter 7. This one a person will have his debts all wiped out … [Read more...]