The origin of the word bankruptcy can be traced back to Italy during the Medieval Period. In those days, when a businessman was unable to pay his debts, the practice at that time was to destroy his trading bench. From the term "broken bench" or "banca rotta" comes the word "bankruptcy".
Chapter 7 BankruptcyOffers general overview on chapter 7 bankruptcy and who should consider this chapter.
Chapter 11 BankruptcySmall Business Debtor" Like chapter 13 reorganization, this one is for those whose assets exceed the limits of a chapter 13. Normally used for business debt.
Chapter 13 BankruptcyWage Earners Plan" primarily used for consumer debt. Allows debtor to restructure debt load into more manageable payments.
Bankruptcy: Long-Term EffectsImportant considerations before deciding to file or not to file.
Bankruptcy CourtsBankruptcy court links for all 50 states.
Bankruptcy TermsOffers definitions relevant to filing bankruptcy.
Bankruptcy FilingsOffers the latest statistics for chapter 7, chapter 11, chapter 12 and chapter 13 petitions and yearly totals.
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