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Bankruptcy Basics: What is Bankruptcy?

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I know, that question seems easy and simple. However, I am always surprised when interacting with others and in online forums about the confusion and misunderstanding, there is about bankruptcy. So, we answer the question: What is Bankruptcy?
Matt Berkus is a Colorado licensed bankruptcy and debt relief attorney with 18 years of experience. I offer free, initial, phone consultations to residents of Colorado for the purpose of bankruptcy.
My websites:
Matt Berkus is a Colorado licensed bankruptcy and debt relief attorney with 18 years of experience. I offer free, initial, phone consultations to residents of Colorado for the purpose of bankruptcy.
My websites: