According to the Federal Judicial Caseload Statistics, there are
literally millions of people filing bankruptcy each year. The statistics
reveal that Chapter 7 is by far the most frequently filed Chapter, with
958,634 non-business consumer filings for the period ending December
31, 2011. The reason for this is that a Chapter 7 bankruptcy releases
individual debtors from personal liability for most debts and prevents
the creditors owed those debts from taking any collection actions
against the debtor. 11 U.S.C 727
to read more about life after bankruptcy go to:
http://www.thenichereport.com/articles/there-is-life-after-bankruptcy/?utm_source=twitterfeed&utm_medium=twitter
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