- Embezzlement
- BankruptcyIf you want to wipe out all their debts immediately, Chapter 7 bankruptcy will do this for you. But chapter 7 is not available to everyone. You have to qualify. People with lower incomes will qualify. People with debts that are business debts might qualify even if they have higher income. But you won’t want to file a chapter 7 case if you have assets that you would lose in bankruptcy, like equity in your house or a valuable personal property. Fortunately your retirement plans will almost always be safe in chapter 7 bankruptcy. Fees for chapter 7 cases vary depending on the complexity of the case.
- Foreclosure