Chapter 13 bankruptcy, often referred to as a wage earner's plan, empowers individuals with regular income to develop a strategy to repay all or part of their debts. It is a legal process that allows ...

Both debt relief and bankruptcy can offer you real help, but there are a few things to know about each option. mesh cube/ .

Could your debt be reduced or forgiven? Take our financial relief quiz. A Chapter 13 bankruptcy can be a life preserver when you’re drowning in a sea of debt, but what happens when there’s a financial ...

Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option ...

Filing for bankruptcy is a last resort for consumers who find themselves in a tough financial situation. "If you can pay off ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...