Bankruptcy is a legal proceeding in which a person who cannot pay
his or her bills can get a fresh financial start.

The right to file for bankruptcy is provided by federal law in federal court. Filing bankruptcy immediately protects you and your wages and property by stopping all of your creditors from seeking to collect debts from you.

Chapter 7 Bankruptcy

A Chapter 7 Bankruptcy seeks a discharge that releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor. Because a chapter 7 discharge is subject to exceptions, debtors should consult competent legal counsel before filing to discuss the scope of the discharge. Generally, excluding cases that are dismissed or converted… READ MORE

Chapter 13 Bankruptcy

A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular income, or those earning more than the median income, to stop foreclosures, garnishments, repossessions, lawsuits and other collection efforts by developing a plan to repay part or all of their debts. Under this chapter, debtors propose a repayment plan to make manageable installments to creditors over three to five years. Most debts remaining at the end of the repayment term are discharged.