If you are considering filing for bankruptcy, it's important to understand the process and explore all of your options before making a decision. This post will discuss the different types of bankruptcy and provide information on alternative solutions that you may want to consider. Understanding Bankruptcy Bankruptcy is a legal proceeding in which an individual or business declares that they are unable to repay their debts. The purpose of bankruptcy is to provide individuals and businesses with a fresh start by discharging their debts or creating a repayment plan. [Read More]