What does consumer bankruptcy entail?

Consumer bankruptcy is a way to free yourself from debt. It is used by insolvent people who are unable to repay their loans and credits. Consumer bankruptcy is a way to free yourself from debt. It is used by insolvent people who are unable to repay their loans and credits. In the bankruptcy process, the court establishes a plan for repaying creditors that includes rules for paying debts and appoints a trustee who is responsible for managing the bankrupt’s assets and distributing funds to creditors.