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(also known as Chapter 13 Bankruptcy)
Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed. In the majority of cases, however, bankruptcy is init... more at Wikipedia
Treatment Success Rate
| Top 5 Communities | ||
| Condition | Members | Success |
| Financial Challenges | 199 |
82% |
| Stress Management | 1 |
0% |
Overall, 82% (200
Members)
find Filing for Bankruptcy helpful
Filing for Bankruptcy Reviews
Working / Worked
have filed 2 times since 1995.don't do it,if you don't have to ,slow credit is better than bankruptcy.you'll pay for it later with the high interest rates
Working / Worked
Only helped partially. It doesn't solve the problem.
Working / Worked
In 1994. It taught us a lesson and we worked very hard not to get into to this position.
Working / Worked
filed earlier this year
Working / Worked
helped get rid of credit cards and collection co's
Working / Worked
Had no choice--not proud of it, but it is what it is....
Working / Worked
I filed bankruptcy a couple years ago, which alleviated my mass of debt, but it seems to be starting all over! I can't manage to catch up on the little bills that are piling up due to unforseen expenses.
Somewhat Helpful
didnt work that well
Somewhat Helpful
This was helpful in 2004 when we did it. My husband's health severely deteriorated (aneurysm and carotid dissection) and he couldn't work so we fell behind. Now, we have lost our jobs, house, health insurance and have bad credit.
Somewhat Helpful
I got rid of a great deal of debt. But I see some of the same patterns leading up to the last bankruptcy happening again.
Showing 81 - 90 of 291 Reviews
