voluntary bankruptcy

简明释义

自动倒闭

英英释义

例句

1.Many individuals view voluntary bankruptcy 自愿破产 as a fresh start when faced with overwhelming financial obligations.

许多人在面临压倒性的财务义务时，将voluntary bankruptcy 自愿破产视为一个新的开始。

2.After struggling with debt for years, the business owner decided to file for voluntary bankruptcy 自愿破产 to regain control of her finances.

在与债务斗争多年后，企业主决定申请voluntary bankruptcy 自愿破产以重新掌控她的财务。

3.Filing for voluntary bankruptcy 自愿破产 can have long-term effects on your credit score.

申请voluntary bankruptcy 自愿破产可能会对你的信用评分产生长期影响。

4.The couple opted for voluntary bankruptcy 自愿破产 after their medical bills became unmanageable.

这对夫妇在医疗账单变得无法管理后选择了voluntary bankruptcy 自愿破产。

5.She consulted with a financial advisor before deciding to pursue voluntary bankruptcy 自愿破产.

在决定追求voluntary bankruptcy 自愿破产之前，她咨询了一位财务顾问。

作文

In today's fast-paced world, many individuals and businesses face financial challenges that can lead to overwhelming debt. One of the options available to those in such situations is known as voluntary bankruptcy. This legal process allows debtors to seek relief from their financial obligations when they find themselves unable to meet their debts. Understanding what voluntary bankruptcy entails is crucial for anyone considering this route.Voluntary bankruptcy occurs when an individual or a business chooses to file for bankruptcy on their own accord, as opposed to being forced into bankruptcy by creditors. This process is initiated by submitting a petition to the bankruptcy court, along with detailed financial statements that outline assets, liabilities, income, and expenses. The aim is to obtain a fresh start financially, allowing the debtor to eliminate or reorganize their debts under the protection of the bankruptcy court.One of the primary benefits of voluntary bankruptcy is the automatic stay that goes into effect once the petition is filed. This stay halts all collection actions by creditors, providing immediate relief from harassment and threats of foreclosure, repossession, or wage garnishment. This breathing room allows debtors to regroup and start planning their financial future without the constant pressure of debt collectors.There are different types of bankruptcy filings, with Chapter 7 and Chapter 13 being the most common for individuals. Chapter 7 bankruptcy involves liquidating non-exempt assets to pay off creditors, while Chapter 13 allows individuals to create a repayment plan to pay back a portion of their debts over three to five years. Choosing which type of voluntary bankruptcy to file depends on the individual's financial situation and goals.However, it is essential to understand that voluntary bankruptcy is not a decision to be taken lightly. It has long-term consequences on one's credit score and can remain on a credit report for up to ten years. This can make it challenging to secure loans, credit cards, or even housing in the future. Therefore, it is crucial for individuals to explore all possible alternatives before deciding to file for bankruptcy.Alternatives to voluntary bankruptcy might include negotiating directly with creditors, seeking credit counseling, or considering debt consolidation. These options may provide relief without the severe implications that come with a bankruptcy filing. Moreover, understanding the root causes of financial distress can help individuals avoid similar situations in the future.In conclusion, voluntary bankruptcy can serve as a valuable tool for those overwhelmed by debt, offering a pathway to regain financial stability. However, it is vital to weigh the pros and cons carefully and consider all available options. Consulting with a financial advisor or a bankruptcy attorney can provide guidance tailored to one’s specific circumstances. Ultimately, the goal should be to achieve financial health and security, ensuring that one can move forward without the burden of unmanageable debt.

在当今快节奏的世界中，许多人和企业面临着可能导致债务过重的财务挑战。对于处于这种情况的人来说，选择之一被称为自愿破产。这一法律程序允许债务人在发现自己无法偿还债务时寻求解除财务义务的救济。理解自愿破产的含义对于任何考虑此途径的人来说都是至关重要的。自愿破产发生在个人或企业自愿向破产法院提交破产申请，而不是被债权人强制破产。该过程通过向破产法院提交一份请愿书开始，并附上详细的财务报表，概述资产、负债、收入和支出。其目的是在破产法院的保护下获得财务上的新起点，使债务人能够消除或重组债务。自愿破产的主要好处之一是，一旦提交请愿书，自动停滞令便会生效。该停滞令停止了债权人的所有催收行动，立即减轻了来自讨债者的骚扰和对止赎、回收或工资扣押的威胁。这种喘息的机会使债务人能够重新组织并开始规划他们的财务未来，而不必承受债务催收者的持续压力。破产申请有不同类型，其中第7章和第13章是个人最常用的。第7章破产涉及清算非豁免资产以偿还债权人，而第13章允许个人制定还款计划，在三到五年内偿还部分债务。选择哪种类型的自愿破产取决于个人的财务状况和目标。然而，必须理解的是，自愿破产并不是一个轻率的决定。它对信用评分有长期影响，可能在信用报告上保留长达十年。这可能使未来获得贷款、信用卡甚至住房变得困难。因此，个人在决定申请破产之前，仔细探索所有可能的替代方案是至关重要的。自愿破产的替代方案可能包括直接与债权人谈判、寻求信用咨询或考虑债务合并。这些选项可能在没有破产申请带来的严重后果的情况下提供救济。此外，了解财务困境的根本原因可以帮助个人避免未来出现类似情况。总之，自愿破产可以作为那些被债务压垮的人宝贵的工具，为重新获得财务稳定提供了一条道路。然而，仔细权衡利弊并考虑所有可用选项是至关重要的。咨询财务顾问或破产律师可以提供针对特定情况的指导。最终目标应是实现财务健康和安全，确保人们能够在没有无法管理的债务负担的情况下继续前进。