Bankruptcy, often considered a last financial resort, is a legal process that can help alleviate outstanding debts for individuals and businesses. Reasons to file for bankruptcy can include divorce, job loss, exorbitant medical bills or credit card debt. There are several types of bankruptcy — six, as a matter of fact. The two most common…

Tiffany Curtis writes for NerdWallet. Email: tcurtis@nerdwallet.com.

The article What Are the 6 Types of Bankruptcy? originally appeared on NerdWallet.

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