Click on the Triangle Icon to Expand Menu.

⭐ 5 Star Rated Best Family Law, Criminal Defense, Personal Injury, and DUI Lawyers in Phoenix

CHM Law Arizona Family Law, Criminal Defense, DUI, and Personal Injury Lawyers

(602) 825-2500
Available 24/7
(se habla español)

Share This
« Back to Glossary Index


Is a federal legal proceeding involving people or businesses that cannot pay their debts and are seeking help from the court to rid them from those obligations, sometimes by paying a portion of each debt.


Merriam-Webster Online Dictionary
bankruptcy (noun)
the quality or state of being - bankrupt
utter failure or impoverishment
Merriam-Webster Online Thesaurus
bankruptcy (noun)
the inability to pay one's debts
bankruptcy, failure, ruin
Chapter 11
« Back to Glossary Index
Call Now Button