What is voluntary bankruptcy? - Limited/Bad/Fair Credit Questions

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

What is voluntary bankruptcy?

Answered on
Add to Favorites:

In the case of voluntary bankruptcy the organization or the individual comes forward to show their inability to repay the credit given to them, one willingly accepts the lack of funds or resources to make further payments.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Monthly reporting to the three major credit bureaus
For Fair/Bad Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit

Other Questions in
Limited/Bad/Fair Credit