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What Is Bankruptcy? Defining Chapter 7, 11, and 13 We have updated the terms and conditions of our Rocket Lawyer On Call Service Level Agreement that apply to your use of the platform and products and services provided by Rocket Lawyer. Please read the Service Level Agreement carefully as it governs...

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Bankruptcy is a legal status of a person or other entity that cannot repay the debts it owes to creditor s. In most jurisdictions, bankruptcy is imposed by a court order , often initiated by the debtor . Bankruptcy is not the only legal status that an insolvent person or other entity may have, and t...

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