It is not easy to get up again after hitting rock bottom. Bankruptcy is the light at the end of the tunnel. It gives debtors a chance to cast off old debts and mistakes, and begin anew. How are more families and businesses leaving behind old debts, and starting over?
Chapter 7 Bankruptcy
Chapter 7 bankruptcy eliminates all debts, except for child support and taxes. When businesses and corporations go under, they typically choose Chapter 7 as an out. New, small, and tanking businesses are all too familiar with Chapter 7. The Pittsburgh Penguins, though, made waves as the first and only sports franchise to dec