Bankruptcy Questions?

I’m doing a project in my Business Law class, and I’m looking for an answer to these questions:

Under what circumstances would a person file for bankruptcy?

If you knew someone that was in financial distress, what advice would you give them/ what web sites would you direct them to?

What type of advice would you give your friend to help prevent him/her from being oerwhelmed with debt?

Also, I need the links to the web sites. If anyone could offer a hand, it would really be appreicated.

Thanks!!

This entry was posted on Sunday, November 16th, 2008 at 6:56 pm and is filed under Bankruptcy Law. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “Bankruptcy Questions?”

1. Dave B Says:
   November 18th, 2008 at 11:21 am

   its easy and cheaper chapter11 they ex plain2 you the process

2. Feeling Mutual Says:
   November 19th, 2008 at 7:12 am

   >>Under what circumstances would a person file for bankruptcy?

   They are so deep in debt, they can never get out of debt.

   >>If you knew someone that was in financial distress, what advice would you give them/ what web sites would you direct them to?

   Do not use a web site, see a Bankruptcy Attorney, the initial consultation is usually free. Web sites are useless because bankruptcy rules are modified by local and state laws and constitutions.

   >>What type of advice would you give your friend to help prevent him/her from being oerwhelmed with debt?

   Only use credit that pays you money instead of charges you money. That way you make money instead of going into debt.