We have definitely seen a huge number of bankruptcy filings. According to the Bankruptcy Institute, in July of 2012, there were 97, 287 filings in the United States. In July of 2013, there were a total of 87,684 bankruptcy filings. In 2012, the three top states with the highest number of bankruptcy filings were Arizona, California, and Nevada. A typical bankruptcy can stay on a credit report for as long as 10 years.

A filing Chapter 7 bankruptcy is the most common type of filing. You may be facing a mounting debt, and think you may need to file Chapter 7 bankruptcy. Here is a simple look at filing Chapter 7 bankruptcy.

The first step is to find a qualified Read More