What is Bankruptcy? Bankruptcy Explained

Your life is like living in a war zone when you get behind in your bills. You are struggling with overwhelming debt, your credit cards are out of control, you face the loss of your home, creditors are calling at all hours of the day and night, your wages are being garnished and you are about to lose your car, truck or motorcycle at any second.

Would you like to stop all that? Help is available by filing for bankruptcy protection. Yes, we said protection!

Making the decision to file for bankruptcy is not an easy one. You have worked hard, paid your bills and tried to live a good life. But you may be facing the pressure of mounting debt and feel like you are drowning, sinking faster than you ever thought possible.

Bankruptcy can be a powerful lifesaver and a simple and easy way to get a fresh start.  It can help you make a positive change and lift that heavy burden off of your shoulders. You will see a way to a fresh financial start free of blame, guilt and stigma.  It is simple and easy.

The decision to file for bankruptcy is not an easy one. But bankruptcy is a legal way to get out from underneath crushing debt. So, because we are bankruptcy lawyers and because you need to understand just a little about the bankruptcy law, we are going to give you an easy to understand overview of bankruptcy law. Sorry about that, but if you are going to hit the restart button, you have to understand your options.

Bankruptcy gives you two options for a fresh start and even protects you and your family from creditor harassment. Wouldn’t it be great to put a stop to those relentless phone calls and be on your way to a fresh financial start for you and your family?

If you owe more money than you can repay, the two personal bankruptcy options are Chapter 7 and Chapter 13 bankruptcy:

(1)       Have your entire debt forgiven or “discharged” under Chapter 7, or

(2)       Pay a portion of the money you owe back over time under Chapter 13.