Bankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses. Check out the latest bankruptcy listings on

What is a Bankruptcy House and 5 benefits of buying one

Many people that are interested in purchasing discounted real estate overlook a very good source. The U. S. Bankruptcy court often has sales of properties and homes that are included...