Foreclosure is a legal process where a lender (mortgagee) initiates court proceedings to reclaim an asset (i.e. the house) and/or receive...

Chapter 13 bankruptcy is a legal process designed to help individuals who have a regular income and need to "reorganize" their debts. ...

Chapter 11 bankruptcy is a legal process designed to help businesses to "reorganize" their debts while continuing to operate. Commonly...

Chapter 7 bankruptcy is a legal process designed to help individuals or businesses eliminate most or all of their unsecured debts and get...