Is it hard to get approved for Chapter 7 bankruptcy?

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When the financial troubles pile up faster than you can manage them, as they are for many borrowers in today's high-rate, inflationary environment, filing for bankruptcy can feel like the only way out. There are several types of bankruptcy you can pursue, but Chapter 7 bankruptcy , often called liquidation bankruptcy, is the bankruptcy option that offers to wipe out most unsecured debts in just a few months. And, it sounds straightforward enough, at least on the surface: File the paperwork,

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Is it hard to get approved for Chapter 7 bankruptcy? http://www.cbsnews.com - 20.10.2025 10:55

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Is it hard to get approved for Chapter 7 bankruptcy? http://www.cbsnews.com - 20.10.2025 10:55