Debts are divided into two categories: dischargeable and nondischargeable. Dischargeable debts are those that the debtor is no longer personally liable to pay after the bankruptcy proceedings are ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. As a result, personal bankruptcy inquiries surged nationwide in the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Bankruptcy may offer a fresh start, but it also carries lasting consequences for future credibility, financing and operations. That’s why it should be considered only after every other option has been ...