Ask Score: Understanding your bankruptcy options

I hate to write about such a negative subject, but for some individuals and small business owners, bankruptcy is an option that must be considered.

This article is an attempt to define bankruptcy and explain the options available. It should not be construed as legal advice, but as background information to understand the process. Petitioning for bankruptcy is a complex legal process, which should be done with the aid of an attorney.

Corporations and partnerships must have an attorney to file a bankruptcy case, but individuals may represent themselves. Though individuals can file a bankruptcy case without an attorney, called...