We last considered the questions that each individual must reflect on before they file bankruptcy. In addition to these pre-bankruptcy considerations, debtors should also understand a few definitions for some of the common bankruptcy terms. Here are a few of these bankruptcy definitions

The decision to file bankruptcy is a serious one. Here is a list of a few of the considerations one must take into account in deciding whether to file bankruptcy

Chapter Eleven bankruptcy is often referred to as a reorganization, because it involves restructuring contractual and debt arrangements.

Chapter Seven bankruptcy refers to one type of bankruptcy. Chapter Seven bankruptcy is most frequently used by individual consumers to address their consumer debt.