This is what happens when you can’t pay your debt. Filing for bankruptcy, also known as bankruptcy protection, stops your creditors from coming after your assets. Both people and corporations can avail themselves of this option. This might sound like a quick get-out-of-jail-free card, but be warned, your credit rating will go down the toilet for years.« Back to Glossary Index
A simple 12-step plan to leap over the wealth gap once and for all.