Location: Bankruptcy
Bankruptcy   
The term bankruptcy comes from two Latin words and literally means “broken bench.”
 
 
Location: Bankruptcy
Foreclosures and repossessions   
When consumers cannot pay back the money borrowed, creditors can seize property placed as security against the borrowed money.
 
 
Location: Bankruptcy
Hope in the midst of hopelessness   
Regardless of what we have been through or what we will have to go through in the future, our Lord is there and will always be with His children.
 
 
Location: Bankruptcy
Types of bankruptcy   
The revised Bankruptcy Code of October 1, 1979, generally regulated three kinds of bankruptcy: corporate, personal, and farm reorganization.
 
 
Location: Bankruptcy
Biblical perspective on bankruptcy   
People used to avoid bankruptcy if at all possible because of the stigma of financial failure. Today, however, it has become more socially acceptable
 


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