The phrase "month bankruptcy" refers to a situation where someone has little or no money left at the end of the month, usually because they have spent it all and cannot afford their expenses. Full definition
During the 15-1/2 - month bankruptcy process, the city even considered selling its historic collection at the Detroit Institute of Arts in order to pay off creditors. (entrepreneur.com)
So if you would have to pay $ 9,000 in a 9 month bankruptcy because you have equity in your home, that would mean $ 1,000 a month if you wanted to keep your house. (hoyes.com)
Filing bankruptcy temporarily freezes IRS collection efforts, but the IRS then tacks on the 4 - 5 months bankruptcy period plus 180 days to their collection window. (natlbankruptcy.com)