What are some potential positive outcomes of filing for bankruptcy?

Answers

Answer 1

Answer:

An automatic stay against creditors. Once you file, the court automatically issues this stay against any and all debt collection activity.

Dischargeable debts.

Bankruptcy exemptions might allow you to maintain ownership of your property after bankruptcy.

Credit Score.


Related Questions

define default economics.​

Answers

Answer:

Default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments.

Explanation:

Answer:

the failure to repay a debt

Explanation:

the failure to repay a debt

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