uidate or reorganize debt when it is out of control. It is the initial step toward financial recovery. The trustee has to oversee the process until debts are discharged when a bankruptcy court decides whether a business or individual is eligible.
Chapter 7 bankruptcy is the most popular method of getting rid of financial debt. It begins when a person has difficulty paying their debt and doesn’t have any reason to believe their income will increase significantly or that their debt will significantly reduce.
You can check bankruptcy cases or run an bankruptcy chapter 7 case number search in this case. To get an instant list of cases, dial a toll free number at your state record office.
It is advised to seek the advice of a professional chapter 7 bankruptcy attorney. A lawyer will be better placed to address questions like can you file bankruptcy on Sallie Mae loans?’ They will also provide helpful information concerning chapter 7 and student loans, to assist you take a more informed decision.