Bankruptcy

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San Jose CA Bankruptcy lawyers

foreclosure - chapter 7 bankruptcy - chapter 13 - chapter 11 - bankruptcy

 

Bankruptcy: a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the bankrupt individual or organization).

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San Jose CA bankruptcy attorneys

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Last modified: 12.16.2014