A legal process initiated after an individual or business is no longer able to pay their debts. The bankruptcy process typically begins with a petition filed by the debtor or, in some cases, on behalf of creditors. All of the debtor’s assets are measured and evaluated, whereupon the assets are used to repay as much of the outstanding debt as possible. Debtors exit bankruptcy with a court-mandated plan to repay a portion of what they still owe, or with all pre-bankruptcy debts wiped out.

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Make Tough Refinancing Work With an FHA Loan

Low credit scores? Too much debt? With the government standing behind you, banks and mortgage companies can make loans they wouldn't normally offer at competitive interest rates that could cut your monthly payments by hundreds of dollars.

How to Get an FHA Loan

This government program can help homebuyers with lower credit, higher debt and little money for a down payment qualify for an affordable mortgage. Here's everything you need to know about them and lots of good advice on how to qualify for an FHA loan.

6 Tips to Land a Job with Bad Credit

Employers in most states have the right to check credit reports and and reject job candidates with a record of unpaid bills and debts. That's why job seekers should know their rights and be ready to deal with unflattering information that could sink an application.