Pozko asked:


I am not sure if i file for bankruptcy or not? I have about 20,000$ credit cards debts, and i have also 20,000 unsecured personal loan.

Shola asked:


If you file for bankruptcy, are all your debts forgiven or do you still have to pay them back? How about Federal student loans?

If things pick up again and say after two or three years you get back to your old place earning good income, will you really have a hard time getting credit again even with bankruptcy on your record? And, can the old creditors come after the old debt?

Sunshine asked:


My friend and I had a discussion about this. She has some debts and was considering bankruptcy. I heard that the laws had changed considerably. Anyone have any information? Thanks

betrayedbyboth asked:


My wife and I are divorcing and it looks as though I will clearly have to declare bankruptcy after the divorce. Are the assets awarded to her in the divorce eligible for the court to seize to pay my debts even though they are now hers awarded by a court? I live in Michigan.

sammik asked:


If a company files bankruptcy and are bailed out, do they have to pay off all of their debts? Are they able to come back out of bankruptcy without being bailed out? How exactly does it all work?

When the company files for bankruptcy, what all does that imply?

canionboyd asked:


My family, along with their company, is being sued for nearly $2M. We, along with the company, will have to file for bankruptcy. Does bankruptcy protect some of our cash to live on, and what assets do courts typically expect to be sold off to pay the lawsuit assuming all other debts are paid?