Bankruptcy is often seen as the quickest way out of extreme debt. While this may be true for some, there are several different types of bankruptcy, and which one is right for you will depend on ...

A Chapter 13 bankruptcy allows a debtor's finances to be reorganized and a plan to be developed for loan repayment over a period of time. When you think of bankruptcy, you may think of someone ...

Bankruptcy Definition: A legal state of insolvency. A company deemed to be in this condition may choose protection under the law to allow a chance to reorganize (Chapter 11) or liquidate in an ...

But when we talk about bankruptcy, how many of us actually understand what it means? Katie Price is the latest celeb to be declared bankrupt after failing to stick to a plan to repay her debts.