PersonalBankruptcy
Personal bankruptcy refers to a legal process through which individuals who are unable to repay their debts seek relief from their financial obligations. This process typically involves a court-supervised restructuring or discharge of debts, allowing individuals to regain control of their finances and make a fresh start. Personal bankruptcy can take various forms, such as Chapter 7, Chapter 13, or Chapter 11 bankruptcy, each offering different options for debtors based on their financial circumstances.