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Bankruptcy - United States Courts Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan Bankruptcy laws also protect financially troubled businesses This section explains the bankruptcy process and laws
US bankruptcy filings surge - Newsweek U S bankruptcy filings are on the rise in the second half of 2025, signaling mounting financial pressures on both households and businesses According to the latest quarterly report from the
What Is Bankruptcy? - FindLaw Not sure where to start with bankruptcy? FindLaw goes over bankruptcy 101 with the basics, process, terms, benefits, what to expect, laws, and more
Your Guide to Bankruptcy for Individuals - Illinois State Bar Association Bankruptcy is a court proceeding that is governed by the federal law known as the "Bankruptcy Code " The Bankruptcy Code is aimed at providing people or other entities in financial distress with relief from some or all of their debt